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Bitcoin analysis

What a dump bitcoin...We are now retracing a little bit, how much is it gonna retrace is a good question.

Back to this level from my charts last week.

It's clear that price is in a descending triangle with a failure to make any higher highs, and relatively flat lows.it's high sell volume. The .618 fib support which I was watching broke, next crucial zone to hold marked green on the chart.

We had 2 Big Pumps, but overall we are on the same price as late 2016.I think we push 6300 and if it breaks we see a fall down to 6 before we start the climb back.

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Comeing with BTC analysis and update...
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Disclaimer: invest more than what you can afford to lose. This post is my personal opinion, do your own research before making any investment decisions. If you make any trades after reading this post, it is completely in your responsibility. I am not responsible for any of your losses.

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