We need to be aware: Bitcoin owed its morning decline and rose to test short-term line resistance at 11800.

2020-10-16 10:02
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OURBIT Gold Analyst Bi Xiaosheng: Yesterday, BTC expanded into its territory. In the morning the market saw support near the low of 11300. The market is starting to recover. It rebounded quickly to 11250 and returned to the 11300-11450 range. Currently, the market is hovering around 11,540. Indicator: BTC fell twice yesterday around 11300 and could not be extended. At the one hour level, the market hits the top of the Bollinger Bands, the MACD line moves fast and the slowdown moves up and the 3rd KDJ line goes up. The Ilbong market works at the end of the Bollinger Bands, the three KDJ line shows up as a golden fork, ahead of the divergence, and the MACD quick-open line is indicative of a rise. Yesterday didn't last at 11,300. It broke strike near 11,400 this morning and ended at 11,500. Time low against 11,800 and support below 11,400. Follow requirements and forget not risk management.

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