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@EliteElliott

Soon after the bearish Engulfing Candle on the 4h time frame

BTC has started to slide down. On its way down the Bulls have taken advantage of the previous Resistance Zone around the 61500$ as BTC has seen a decent bounce from that zone.


 The bullish momentum is weak at the moment as the Bulls are losing control of the price action, therefore another drop back down to this Zone can not be ruled out.


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#bitcoin #crypto #trading #cryptocurrency #blockchain

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