From Crown Reversal with Love

By Trader6127

Updated

Price action map. GLWT y'all!

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We breached the triangle zone. Now we are watching to see if $3900 will hold.

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One more leg down? $3650?

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We have reached MAX TP. If you have shorts open I would close them here. We have divergence on the RSI, but selling volume is still heavy. I would wait for a reversal confirmation like double bottom.

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FYI:
cryptocoinsnews.com/china-bitcoin-exchange-ban-certain-btcc-to-suspend-trading-shanghai-issues-verbal-shutdown-order-reports/

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Wreaked! We are now about to test the 0.5 fibo

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HAHA MAN what a day here.
EMA is all the way down at $2625 if this gets completely out of hand.

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Still looks bearish. Red zone in the chart should be a very strong buy area, but keep the daily ema in mind just in case ;)

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Uh oh, looks like we are below the key fibo! EMA target looks more likely now. I can't see a bounce for at least a few days atm.

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Mega bounce?

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Careful for the rising wedge on this bounce.

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Short scalp for yall

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Sneak peak just for you guys ;) (biiig boii short) (its a little messy)

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Maybe this?

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Remember, the EMA is at approx $2650

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New thread:

Trader6127

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