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velmunis

BITCOIN buy trade

Long
Bitcoin (COINBASE:BTCUSD)  
velmunis Updated   
COINBASE:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Bitcoin (Cryptocurrency) bitcoinforecast bitcoinprice bitcointrading bitcoinlong
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trendanalysis chartpattern bitcoin bitcoinforecast bitcoinprice bitcointrading bitcoinlong
BITCOIN

After the massive sell off the bitcoin finds some support near 3900.00. From this support level it almost went up towards 6900.00

At this level double top is forming so its retraced towards 6000.00 which is nearby 50% Fibonacci level. And went up to 66400.00 which is 61.8% Fibonacci area

We can expect short term fall back towards 6100.00, From this level we can open long positions

Potential take profit will be 7600.00

Stop lose may placed below the 5800.00

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