abhijitmeister75

Bitcoin Broadening Channel Perspective 02

BITFINEX:BTCUSD   Bitcoin
Another Chart of Bitfinex, Shows a different scenario. It tells that a dip to EMA 250 is necessary and imminent and further breakout may result in havoc to all crypto enthusiasts but that will be a manipulation move. That manipulation which cannot be ruled out may dip the price into the range 1500-2000 USD. Hardly it will break the channel.

Next, After a dip to 5000 USD levels expect a strong move up towards 150000 dollars or more. The more we fall the more we rise.

Now, There is no perfect way to determine the market so we have to see different perspectives and charts and see if our rules are met. IF THE RULES ARE MET we then take our decision. That's how our LIFE is isn't it? We do not take action blindly. TWO OR THREE CHARTS make our vision better . AS far BTC is concerned every exchange has different chart and that makes conflicting interests around the world. I saw the BITFINEX chart it has all the price patterns that happen since the launch of BITCOIN into the market. So, IF we see Bitfinex chart BITCOIN has long way to go up.

Long Opportunities Supports at 4916, 1516. These are the zones where you can take advantage.

ALL THE BEST traders!
Penafian

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