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BITCOIN The ultimate BUY ZONE on the road to $7500. 1DBINANCE:BTCUSDT MA 200 still flat (long term). MA 100 still flat (long term). MA 30 bullish (short term). Vol 200 bullish (long term). BVOL decreasing (long term). BVOL 7D flat (mid-term). BVOL 24H flat (short-term). Dalio sees $5 Trillion hit to U.S. income : RT @BloombergLive: Missed our #BloombergInvest conversation with @RayDalio? You can catch @ErikSchatzker's entire interview with the @Bridgewater Associates Founder and learn what he's predicting during the COVID-19 economic downturn here: t.co t.co If the current price can hold above this level, at least one technical measure suggests Bitcoin could see a run to $8,000, where the coin was trading ahead of its massive drop last month. The $7,000 threshold was a solid support line for Bitcoin between November and January -- remaining above it could provide support should it decline again. Bitcoin could ascend to the $7,500 level, according to Craig Erlam, senior market analyst at Oanda. “It’s struggling to gather the momentum required to break the barrier down but as we know with Bitcoin, that can change dramatically in a heartbeat,” Erlam wrote in a note. “If it breaks through those levels, then we could be looking at a healthy surge and another run towards $10,000.” Source : www.bloomberg.com
Long
by Nugacity_Fracedinous
1
ascending tri. in BTC - is the bear market OVER? Find out here.What's up guys, Someone in the comment of my last post said the whales were not on my side. That's funny because I have literally over DOUBLED my btc stack in this past month. Doing this consistently guarantees you will become a whale one day. I wouldn't tell anyone if I was a whale or not because that's nunya, but my results speak for themselves. If I am wrong, it is by a small amount and I usually know within 24 hours after a trade. Go look at all my posts. I am not making my success up. It's there for ALL to see. I'm okay with any sh*t-talkers - I just prefer constructive criticism. Criticism is the same as food or water: it is necessary to grow. Now to the point: bitcoin is forming an ascending triangle, which is a BULLISH pattern. In my last post, I told everyone how I thought the news of the bullwhale was the most bullish event that has happened all year. It's true! Look at the shorts spiking up. Look at how bitter the shorts are on social media. Look at the bullish pattern. Look at the bullwhale. Look at Bakkt. We are past most/all (depending on how you view it) resistance. There is no reason I should not be betting on $7,500 next. I doubled my account last month, maybe I'll double it again with so many people willing to take the other end of my trades :) I love all of you for reading - thank you! If I have been helpful, please like my work and follow me, it helps us both. -YoungShkreli
BITFINEX:BTCUSDLong
by CantorTechnologies
33