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π©πͺ Germany's government sells off all of its Bitcoin holdings, totaling $2.9 billion.
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Bitcoin review. πͺ
Judging by the negative mood in the market one cannot exclude the possibility of another price plunge. Since now the price is clearly following the downtrend line and cannot break through it.
Also locally on the chart there is a triangle pattern formed, from which the price can make an impulsive exit to one of the sides. A more favorable outcome for a big player will be the price exit down to the zone of $50500 - $52000, where there is an accumulation of old liquidity. Plus it will put more fear on usual market participants and they will leave the market or liquidate.
And after trading in the $50500 - $52000 zone, Bitcoin price will be able to rebound and start breaking the downtrend.π
β‘οΈ BitTradeX
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#TAO is flashing bullish signals at the edge of a falling wedge on the daily chart
A retest after breakout could spark a 70-80% bullish wave in the mid-term οΈ
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Germany has 9K Bitcoin left just 3 weeks after it started selling
Germanyβs Bitcoin stack briefly dipped below 5,000 BTC after sending a mass of funds to Coinbase, Bitstamp, and Kraken but has since moved back.
#CHR/USDT All Take Profit Target Achievedβ
Profit +153% in 1 Day 40 Minutesπ
Reached: 0.2538π
#usefulmaterial
Candlestick formation "Three Soldiers"
The "Three Soldiers" candlestick formation is a reversal pattern. Sometimes it is also called "three advancing soldiers" or "three white soldiers". It is usually seen at the end of a downtrend and indicates a balance shift from sellers to buyers.
The "Three Soldiers" pattern is formed as follows:
Three consecutive bullish candles follow the downtrend.
The bodies of the second and third candles should be about the same size - if the third candle is noticeably shorter than the preceding two candles, it means that the buyers are not in full control, which may indicate that the buyers are inactive.
These candles either have short shadows or no shadows at all.
#SFP/USDT All Take Profit Target Achievedβ
Profit +128.8% in 1 Day 16 Hours 4 Minutesπ
Reached: 0.8070π
#CHR/USDT Take Profit Target 1,2,3,4β
Profit +108% in 18 Hours 29 Minutesπ
Reached: 0.2592π
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