As this Chart shows we have broken through the larger downtrend and have since formed a nice up trend since July 10th. The 4 hour MACD has crossed over and is typically a sign of a trend change along with the high volume node at 500 as support, the previous low as support at 510 sat on July 28th. The daily chart has also had a bullish MACD cross and with the pennant formed (bullish pennant) we should see a breakout of the pennant with a new high for the move. Looking at the daily chart if the previous high breaks the next high volume node would be around 1200 sat. Trade accordingly.
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Nice, just bought 100k
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We think alike!
My analysis recently nailed the bitcoin cash explosion up and have made many profitable calls. Please check it out: https://steemit.com/@haejin
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