Here is my buy back target I will be waiting for but I do not think we will have to wait very long so be ready. You can see the blue trend line that we placed close to the start of the rally will remain intact thus confirming a bullish continuation.
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Yes a nice bounce off the 50 but it is likely to stay under the 20 and head back down. The 50 won`t provide a reversal in my opinion so look for 650 if you want to play this move IMO.
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I see now it`s already on 650. This is dangerous territory IMO.
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Sorry guys... did not get anywhere close to my target which shows you how incredibly bullish big daddy bitcoin's little brother is... Well... onward and upwards hey? Hope everyone made out OK.
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Please click on my chart for an explanation
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click on the chart for the update
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I must grab some sleep now... long day
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please click on the chart to see my notes. Guys I work in northern Canada in a mining camp and work a 12 hour day at my job. It is not always possible that I can respond to your messages and comments in a timely fashion so please be patient. I'm not a professional trader... just a regular working guy.
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Look at the original chart I did above...
the retrace is necessary to the previous high...
the retrace is necessary to the previous high...