As mentioned in the Title and on the chart Bitcoin is printing a VERY bearish consolidation pattern UNDER the 200 WMA. All I can say to the remaining bulls is WAKE UP! Bitcoin has given you a gift, it has temporarily stopped it's slide, rallied and is nw consolidating. Take advantage of this gift! Soon we are going to print new lows and I pray some of you heed my warning.
All the best brothers and sisters,
Red Boar
All the best brothers and sisters,
Red Boar
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A look at the resistances in play WITHIN the consolidation/corrective triangle. I think Short term long scalps could be in play as we have broken the red resistance line. If we can hold above it on a 4 hour basis I think further upside (in the very short term) is perhaps in the cards.
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Here is my long term view on bitcoin, for those of you new here
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Unlike 2015, we have not foudn support!
Unlike 2015, we have not foudn support!