Bitcoin's forming H&S and seems want to retrace to the historical horizontal resistance and .5 fib confluence zone. Just a quick update. I will find the time on explaining the previous theory that worked perfectly. Stay tuned.
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If you long based on this idea, also place the tight SL please.
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If I'm price struggle the current price for few hours I'm going to close my position as likely going down. Watch closely.
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Closed at break-even.
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Bitcoin shows decent stability at the support. Might up-break and retest the local top.
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