ranxero46

BTC W-Pattern forming - end of dip

Panjang
BITSTAMP:BTCUSD   Bitcoin
As seen before W- and M-patterns often are followed by a strong change of direction of price movement.
Besides, we're approaching the end of the year and fund managers usually sell the positions that performed weakly and increase positions that performed well to
make their success rate look better by the end of the year.
As BTC has performed nicely in the recent months I'm assuming it will be among those where further money will be put into.
Penafian

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