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RE: Bitcoin (BTC) Morning Update: ZigZag (5,3,5)

in #bitcoin7 years ago

Agree, we need to just stay patient..price out the sellers at $8000 and pulled back from the next stack of sell orders at $8500. However, what was key in the move is price closed above the daily trendline and now the $8000 serves as support. Thus, the probability of pricing higher has increased which supports the potential bullish wedge as well.