RATE Group | Bitcoin (BTC), Ethereum (ETH) And Zcash (ZEC)
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Bitcoin (BTC), Ethereum (ETH) And Zcash (ZEC)

16 Feb Bitcoin (BTC), Ethereum (ETH) And Zcash (ZEC)

Posted at 15:21h in Cryptocurrency News by

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The bull run is on, so its time to buy the dips.

The Ichimoku Kinko Hyo system provides excellent support levels for buying on pullbacks at and great discounts.

Bitcoin (BTC)

Image: Bitcoin (BTC) chart

The above chart is Bitcoin’s 4-hour Ichimoku chart. I’ve placed black horizontal lines that identify the daily chart Ichimoku levels. I’ve also included the Fibonacci retracement of the prior swing high of $10,522.51 on February 13th, 2020, to the confirmation higher low made on January 3rd, 2020. The likely hood of particular support levels in the Ichimoku system holding is increased when you compare multiple times frames. The probability of support being substantial is further increased if there is a corresponding Fibonacci level. The initial support level is the 4-hour Senkou Span B near the $9,777 value area. However, the deepest support zone with both a Fibonacci…

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