True price discovery during this fiat bubble of monopoly money.
Keep your stops safe below 6900 and go long with target 7593, 8898, 9256 etc..
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April 2019 chart:
We found support on 1st Tx, green lines in chart @ 6500~ SL below with closing is advised
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Commitment of Traders report Week 15 suggest my downward movement. Non-commercials AKA banks added 1400x5BTC short this week.
BITCOIN - CHICAGO MERCANTILE EXCHANGE FUTURES ONLY POSITIONS AS OF 04/07/20 NON-COMMERCIAL (Banks) NONREPORTABLE (Consumers) LONG | SHORT | | LONG | SHORT -------------------------------------------------------------------------------- (5 Bitcoins) COMMITMENTS 3,380 4,790 1,765 355
CHANGES FROM 03/31/20 (CHANGE IN OPEN INTEREST: 1,501) 782 1,487