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Bitcoin Analysis and Trading Idea


bitman007

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Cryptocurrency MarketCap is - Up 5 billion

24-Hr Vol - Up 200 million

Market Status: Neutral-Pullback from bearish break

Bitcoin Movement and Analysis :

#BTC 4-hour chart shows a bullish RSI divergence, but corrective move is seen gathering steam only abv the trendline resistance of $6,430.

 

#BTC EU Snapshot OUTLOOK: Bearish Rising wedge bearish reversal (candlestick chart) and pennant breakdown (line chart) favor a drop to /below $6K.

 

In the last 3 months of 2017, Bitcoin hit a new all-time high once every 3 days, on average. Bitcoin has now gone 268 days without a new high. Longest streak ever was 1,176 days (from Dec 2013 to Feb 2017).

Hope this will help in taking decision : let me know if any other coin information are looking for:

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