BTC in dip mode

in bitcoin •  3 years ago 

As long as $54.5k holds, the near term momentum should hold

Bitcoin is dipping but the uptrend hasn't been broken yet.

Here's the latest chart:

image.png

(Source: https://bittrex.com/Market/Index?MarketName=USD-BTC)

The way I see it, as long as we hold $54.5k, things are still gravy.

If we break that level might be some consolidation before we start going up again.

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3 years ago by

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      ·  3 years ago 

    That didn't last long.

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      ·  3 years ago 

    Held the range.

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    [-]
      ·  3 years ago 

    Dip then rip.

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    [-]
      ·  3 years ago 

    Nice when it works out like this.

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    [-]
      ·  3 years ago 

    The real test is coming shortly...

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    [-]
      ·  3 years ago 

    Do we fly or consolidate?

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    [-]
      ·  3 years ago 

    ETF is officially here.

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    [-]
      ·  3 years ago 

    It's at 56,414 as I type! So far so good!

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      [-]
        ·  3 years ago 

      Yep, looks like it held the range.

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      [-]
        ·  3 years ago 

      Today's low is $54,231, now at around $54.7K, I hop this can hold but will see as it approaches end of the week.

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        [-]
          ·  3 years ago 

        Looks like it held the range.

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        [-]
          ·  3 years ago 

        This is pretty much the second correction I was expecting... Now it will start to build momentum for the next big climb up...

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          [-]
            ·  3 years ago 

          Consolidation.

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