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micmuc

No Break-Out Yet, retrace likely

Short
Bitcoin (BITMEX:XBTUSD.P)  
micmuc  
BITMEX:XBTUSD.P   Bitcoin
Chart Patterns
6
7
chartpattern
Many seem to believe the bull-market has started in full glory and have been loading up on leveraged longs.

Wouldn't be too sure of that. On the logarithmic chart we're at a strong resistance from multiple perspectives and a retrace seems likely.

Close-Up:
snapshot


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