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LBRY Claims • bitcoin-analysis-26-sep-2019-if-btc-to

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15 Mar 2020 09:39:50 UTC
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Bitcoin analysis 26 Sep 2019 | If BTC to USD break down 100 SMA support then we may see $7000 levels
Priceaction of Bitcoin / US Dollar has formed bullish Butterfly pattern and entered in potential reversal zone to hit the sell targets insha Allah.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this zone.
Volume profile is showing less interest of traders here, but we have a very strong bearish Marubozu candle stick hitting the 100 simple moving average support moreover Stochastic did not give bull cross and MACD is strong bearish so for secure trade we should wait for MACD to turn weak bearish or for stochastic to give bull cross then buy.
In case of breaking down this PRZ and 100 SMA support the price action may form a bullish butterfly on 4 day chart and we may see $7000 levels before taking next bullish divergence.
I have used Fibonacci sequence to set the targets.
Tradingview link for my charts:
https://www.tradingview.com/gopro/?share_your_love=moon333

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https://www.binance.com/?ref=11256882

Youtube channel for signals and trading educational videos:
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