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Eric123

Epic Pennant on BTC Chart

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3 hours ago, Raekwon said:

Both attempts to pump and dump are being rejected.

Technically yes.

But we've been pump rejected from the resistance triangle since 21-09-18

If I take from the daily chart the unique bull hammer in the pennant it's on 14th august 18' 

And this huge spike matches with the end off the pennant

i'm just getting ready just in case :hunter:

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10 hours ago, Julian_Williams said:

BTC has spilled over the 4K this morning, not yet the green candle Eric predicts.

We'll see where price and volume end up.  So far this is not enough volume and the price is too low. If we are not up $250-400 on 30 k volume - it is not enough.  It's been fighting with the 100 Day EMA, $4094 I expect it to break through convincingly to $4,300 -$4,400.  So This is not the move (so far).

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Edited by Eric123

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Just testing resistance this time. Better than testing support. I just hope we can stay in this channel  without breaking down. I hope to see the necessary volume within the next month or so. I do think the BTC chart is still the only one that matters. Thanks for the update. I think your take is spot on.

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Well it didn't work out like I thought it would.  We only got half the move and half the volume.  We are just about $16 below the 100 Day EMA at the moment.  Getting above this Average is a big sign that we are moving into a bull market.   Even though we did not get a significant move the price action is still encouraging and the MACD on Bitcoin returned to positive with the movement we got in the last two days.  A lot of analysts are still either calling for another drop to a new low or at least stating that it is a possibility, I think this is a good sign that "it won't happen".  IMO the analysts have just had their hearts broken so many times over the last year that they are suffering from PTSD and are too scared to say that we bottomed in December.  Anyway things are looking positive.

3 17 19.png

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