From the previous chart following, there would be a possibility of a short fall then bounce up to higher safer zone, then fall and landing above the red divide line:
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falling on the resistant line on the chart.
movement nice on track.
check better on BTC vs. Altcoins movement correlations happened in 2017 NOV-2018 JAN for better preparing for this April - June. History would repeat in some ways:
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movement nice on track on the chart.
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the movement is going to enter the yellow box. after breaking out into the yellow box, we will expect a good correction. if it's gonna land well on the bottom of the yellow box, we will expect BTCUSD to fly.
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It failed out of the red channel support line. expecting it will fail to the blue trend channel line and bounce.
the key levels are : 1) if the movement can enter the box? 2) if the break out from the box to really heading back to ATH?
what we know is that- if BTCUSD is moving above the blue trend line and before breaking out from the top of the yellow. we are at altcoin movement good time.
work well on altcoin to contribute to btc gain. so no matter btc will break out from the top of yellow box to go for ATH or fall down the create panic of the market. it will then be a good time to take profit or exit from the market.
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in the red channel, moving up, trying to break into the yellow box again.
if break into the yellow box. the black trend line is heavy resistance.
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well on track:
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if we bounce from this fall, we are going to enter the yellow box:
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alert:
in the meanwhile, i smell danger:
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possible movement:
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if we can't hold above 7860usd, it will be a negative move.
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