Hi traders, welcome back to my analysis. It was a bad day for cryptocurrency, so what's the next move ? As you can see in my chart, i draw a very big UPTREND Fibonacci Channel that Bitcoin doesn't even touch the bottom of the trend yet. And that green zone, which is a good support, the bottom of uptrend, and the top of the downtrend, is our LAST hope for the life of cryptocurrency. Let's wait for price action at that place.
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** The 20 EMA indicator in my chart is just for fun lol, i use a lot of other indicators to increase the accuracy. **
For any ideas or questions, tell me what you think in the comment section.
As always, sorry for my poor English and safe trading everyone! Remember to put your <50% Risk/Reward stop-loss order for every trade.
Who am i ? I'm a tiny cryptocurrency whale, an emotionless chart analyst, and a cannabis lover
- MrPalmTree
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** The 20 EMA indicator in my chart is just for fun lol, i use a lot of other indicators to increase the accuracy. **
For any ideas or questions, tell me what you think in the comment section.
As always, sorry for my poor English and safe trading everyone! Remember to put your <50% Risk/Reward stop-loss order for every trade.
Who am i ? I'm a tiny cryptocurrency whale, an emotionless chart analyst, and a cannabis lover
- MrPalmTree