Let's look at BTC /USD 1 hour chart
As you see from the chart if we can trade over ascending line I will be very bullish and lots of sell orders coming in and weakness are showing itself. Support stays at $6500. Lots of sell orders at $6750 $7000 and a hard time stay above the line.
In order to stay over ascending line we have to stay $6500 over and if we go down $6500 then it can go down to $6400 levels and stays sideways for a while but overall weakness in BTC and watch out support levels.
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Dentist since 1985, Oracle Developer DBA since 1998 and trader 2000 and up today. I try to give my best future price predictions on certain coins and I do trade same way.
I will give you my ideas about certain coins and my trading strategy about the future I just want you know that i am not a financial adviser and any information i give in here is my personnel opinion . If you follow me regularly i will post updates and future predictions about coins i hold and trade . My price predictions are short and not detail ( since i do not to bore anybody with long readings )
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