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Bitcoin Price is rising fast

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  • MrD featured this topic

It is a fact that technical analysis and elliot wave theory do not apply in predicting Bitcoin's price. However, when we use technical indicators, supports and resistants that go back in time, 2013-2018, then you can have a very general idea of what is happening and you can conclude a price range where you expect price to move.

This is not good for those who practice day to day trading, but those who want to build a long term investment portfolio will find it very useful.

My 2c.

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This is quite logical, because this asset is absolutely independent and against the background of the current crisis it looks like the best option for saving your money. I think that we need to look at it now as carefully as possible, it can be useful. 

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