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BTC MIGHT CORRECT SOON

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BEARISH DIVERGENCES AND A POSSIBLE H&S IN THE DAILY CHART.

PRICE IS CURRENTLY TESTING RESISTANCE AT .786 FIB.

50 PERIOD MA SHOWING SUPPORT AT .618 FIB.

IF/WHEN THE PRICE RETRACES IT WILL MOST LIKELY TEST THE TRENDLINE .

FIB LEVELS CAN BE USED AS TAKE PROFIT TARGETS IF SHORT.

NOTE: IN MY OPINION, I DON'T THINK THIS WILL HOLD. BIG EXCHANGES ARE SUSPENDING DEPOSITS AND WITHDRAWALS AND THE SCALABILITY PROBLEM HAS NOT BEEN RESOLVED. LET'S SEE WHAT HAPPENS...
Not
BULLISH NEWS:

THE CHICAGO MERCANTILE EXCHANGE, THE LARGEST AND MOST DIVERSE DERIVATIVES MARKETPLACE IN THE WORLD FILES A PATENT FOR CRYPTOCURRENCY DERIVATIVES SYSTEM.

bravenewcoin.com/news/cme-group-files-patent-for-comprehensive-cryptocurrency-derivatives-system/
Bearish PatternsBTCBTCCNYBTCUSDshort

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