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$BTC: PROPABILITIES OF GOING UP ARE 80%

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Bitcoin (BITSTAMP:BTCUSD)  
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BITSTAMP:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Technical Indicators BTC btclong BTCUSD btcusdlong BTCUSDT btcusdtlong btcbullish btcbullishrally btcshort
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trendanalysis chartpattern indicator btc btclong btcusd btcusdlong btcusdt btcusdtlong btcbullish btcbullishrally btcshort
Hello, today we can see that $BTC has formed a "W" Pattern. This scenario is valid because :
-it didn't retrace more than 50% of Fibonnaci
- The 2nd low isn't lower or as low as the first one (didn't break the neck line or made a double bottom)
-We have a divergeance on the RSI

This scenario will be valid when it will break the highest point of the last rise. The probabilities of going up are 80% (AB=CD Pattern)
This scenario will be invalidated if be break the neck line
Komen:
Still Valid
Penafian

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