This is a reversal pattern, needs to go above 11800 to confirm the pattern. Riskier to enter long now, but better reward. One can start building slowly long positions on favorite cryptos as bitcoin still acts as a cryptocurrencies market gauge. A lot of bad news been digested and all major economies who wanted to ban cryptos did it. Now any good news will push price up. Last good news is Germany not willing to tax cryptocurrencies https://cointelegraph.com/news/germany-wont-tax-cryptocurrencies-used-to-make-purchases 
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