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The Dark Side of TA: BTC Current State.

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BTCUSD.
Well, im pretty sure we are in a large resdistrubution mode. Bears want blood for aprils jump but bulls will not let go down to that levels again. EMA3 is bouncing on EMA50 on weekly currently, hence the resistance at 7k. Perhaps there will be a river formed and tested. But I think we are heading up.

Disclaimer:
Never make decisions based on others TA. This one included.
Always do your own TA, always form your own decisions.

Bear at heart, bull in mind.
Always have two scencarios (minimum).

This is educational theory and not fact, this
may therefore change at any time.

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Not sure I can call this an "idea" as it's more the current state. But check this link for a larger perspective.

The Future of Bitcoin - Large scale perspective

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I have buy orders put at around 7120.

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Well daaaang, i missed my buy order it with around 20 dollars. Dont think its coming down again any time soon

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Seems to be heading for the "river alternative". Careful thou. Im in fiat.

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And we are up again.

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I bought ADA and BTC 10 hours ago.
BTC 7087
ADA 0.181.

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Call me crazy, but there is a 7.6k potential in this mini run. Watch out for the bear div thou. Its there and its clear.

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Why buy in at 7087? Well. I had a look at this. A wedge within a wedge.

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Hammer forming on 3D chart... Yummy

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Okay, it didnt end with a hammer, but with a doji.

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DId I say 7.6k? Yes I did and here we are! :)

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Didnt expect it to go up so soon. tbo. Not sure this is "it".

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And oh. Green candle on 3d and the have confirmation of trend reversal. I think....

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3 days ago a doju. then a green candle. this is seens as confiramtion for an uptrend. Maybe not in an instant, but downtrend has been broken. But you never know.

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