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RE: BITCOIN (BTC) Update: Perma Bear or Perma Bull, BOTH are WRONG!

in #bitcoin • 7 years ago

Do you think OMG will retrace to $6 still prior to new highs? or is it worth getting back in?
Seems to be bitcoin is losing steem at $4500 - could it be just retesting the support /resistance levels?
or is it worth entering the market again?
thanks

7 years ago in #bitcoin by
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     7 years ago  

    The only thing he says is there may (or may not) a reversed LS - H - RS being formed. If so, it will be confirmed the next couple of days. This pattern is a bullish signal.
    If you choose to follow this scenario and decide to trade to it, the right shoulder has to form and prices need to go lower, could be a better entry point than now. You make you're own decision.

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     7 years ago  

    Thanks Leftrin. OK so prices have to retrace to about $4300 to form a RS, which could be an entry point. But we will only know if prices bounce again from $4300 or continue to retest $4000.

    Are you a technical trader btw?

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     7 years ago  

    haha, i'm not a technical trader. still learning every day

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       7 years ago  

      Please consider using the two TA books I recommended in past blogs.

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       7 years ago  

      so the last shoulder isn't there yet? it kinda looks like a shoulder to me, Whats the distinguising factor that we can know for sure that the shoulder is formed or complete?
      Thanks for your help!

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