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฿ Bitcoin BTC/USD Daily Video October 07, 2019

Discussion in 'Sive Morten- Currencies, Gold, Bitcoin Daily Video' started by Sive Morten, Oct 7, 2019.

  1. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Good morning,

    BTC was not able to fulfill conditions for deeper retracement. It means that now we do not have any bullish context and should be ready for 7.2K action:




    Disclaimer

    This FPA Investment Research is for information and education purposes only. Any decision to make any trade on the market has to be made solely by the reader. Information that is presented in research or its update is not an offer or call to make the trade on the financial markets and expresses just a personal opinion of the author who is might be wrong. Reader has to make decision on any trade solely and care all responsibility for results of this trade.

    The technical portion of Sive's analysis owes a great deal to Joe DiNapoli's methods, and uses a number of Joe's proprietary indicators. Please note that Sive's analysis is his own view of the market and is not endorsed by Joe DiNapoli or any related companies.
     
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  2. Brett Reynolds

    Brett Reynolds Sergeant Major

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    $7300 could be area for a bounce !? That could offer chance to 'go short' at higher levels..say $8500.?
    If not then if we break and hold below $7300 which is 61.8 fibo and 200MA then we are going to $6500!
    Alternativley a strong 'Buy signal between $7300 & $6500 could 'kick Off' another Bull Run.!!?
    But..somehow..i think..not..!? :rolleyes:
     
  3. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Yep. Nearest context is how you just described. But I'm worry on all-time XOP around 1800$... Now it looks impossible, but as 1800 is above null - any price could be reached...
     
  4. Brett Reynolds

    Brett Reynolds Sergeant Major

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    There has been a lot of 'negative' press recently too...with 'One Coin Scam' etc. Also other factors i think affect investor confidence in 'alternative investments'!? Also regulations and government interference in Crypto!?
    I think in short term..the 'weak hands' in crypto will be 'flushed out'..and we could indeed be going back down to $1800.
    Ps. I'm so glad i did not buy that Mining Rig'...but..i will 'always' be 'Watching' for Bargains in the future.! lol :D
     
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