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25.07.2019 04:19 PM
BTC 07.25.2019 - Potential ABC upward correction completion

Industry news:

A new research study published by cryptocurrency trading platform Strix Leviathan has revealed that cryptocurrency halving events do not necessarily result in the asset outperforming the market..

Technical picture:

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Important levels to watch:

$10.000 – Resistance (yellow rectangle)

$10.200 – Multi swing high Resistance

$9.805– Support 1 (gray rectangle)

$9.510 – Support 2 (gray rectangle)

I found potential upward correction completion (ABC) in the background, which is sign of potential downside continuation. Important pivot resistance for BTC is set at $10.200-$10.000. Additionally, I found that MACD slow line started to turn downward , which is another great addition to my bearish view; Watch for potential selling opportunities with the targets at $9.805 and $9.510.

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