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Topic: Bitcoin - Bulls out of the wedge but without force - page 2. (Read 1843 times)

member
Activity: 77
Merit: 10

Bitcoin - Bulls out of the wedge but without force

Price broke the resistance line of the wedge, but with little volume.
The breaking of resistence $ 950 can take the price up to $ 1000.


Chart of 120 minutes

Blog - Bull And Bear Markets




I scalp a bit on the forex, especially in gold, and I notice before any large move, the price creeps up with little volume. There is probably a big stand off between 780 and 1120 ish. you will see big volume when one side gives in, it looks like the bears will give in and cover shorts.


It can be a trap for the Bulls   Wink
legendary
Activity: 924
Merit: 1001

Bitcoin - Bulls out of the wedge but without force

Price broke the resistance line of the wedge, but with little volume.
The breaking of resistence $ 950 can take the price up to $ 1000.


Chart of 120 minutes

Blog - Bull And Bear Markets




I scalp a bit on the forex, especially in gold, and I notice before any large move, the price creeps up with little volume. There is probably a big stand off between 780 and 1120 ish. you will see big volume when one side gives in, it looks like the bears will give in and cover shorts.
hero member
Activity: 728
Merit: 500
Hereis how I'm reading this:



Before the top broke, the bottom (pink) broke, and now we're just kind of trading on a no man's land.
sr. member
Activity: 252
Merit: 250
if it can break fib resistance at 948.
(huobi 5100)
member
Activity: 77
Merit: 10

Bitcoin - Bulls out of the wedge but without force

Price broke the resistance line of the wedge, but with little volume.
The breaking of resistence $ 950 can take the price up to $ 1000.


Chart of 120 minutes

Blog - Bull And Bear Markets



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