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Multiple Successful Retests for the Altcoin Market
The Altcoin market has formed a bullish breakout above the yellow resistance line, and has started trading within a light blue channel. There have been numerous successful retests at the yellow line, flipping resistance into support. Altcoins are starting to rally over the past few days, and have broken out above the light blue channel. […]Read More
Bitcoin Correction After Massive Election Day Gains
Bitcoin experienced a lot of upside over the past 2 days, and needs a healthy correction today. There has already been some downside since yesterday’s daily candle close, and BTC is trading near a $75k resistance level. I think BTC is trying to flip $75k from resistance into support, and a bullish rebound is currently […]Read More
Bitcoin Reaches New All Time Highs on Election Day
Yesterday the financial markets experienced a strong intraday rally fueled by Trump’s election victory. Trump has been a very pro-crypto candidate that is driving a lot of hype around Bitcoin. Headed into the election Bitcoin experienced 6 days of downside, and there has been a common theme of starting off the new monthly candle with […]Read More