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Sunday, October 17, 2021

Date: 10/17/2021. Gas Lee Sun Presents: Day Chart Analysis About Cryptocurrency Bitcoin πŸ’° [BTC]

 Bitcoin remains ABOVE thin orange downtrend line, but btc couldn't get back into thin teal and thin orange uptrend line again, so now it looks as if it's going to drop to retest thin orange downtrend line 😯 with a higher probability of getting into orange triangle... In order for BTC to get back into thin teal/orange uptrend line bitcoin must close above thick yellow line @ 67,000 price area today 😯 In order for bitcoin to stay above thin orange downtrend line BTC needs to close above thin red line @ 56,700 price area today... If BTC decides to break below thin orange line, getting back into orange triangle, bitcoin will need to close above thick blue line @ 56,200 price area in order not to break towards the downside of thick orange uptrend line... 

BTC NEEDS TO CLOSE ABOVE THIN YELLOW LINE @ 61,300 PRICE AREA TODAY, SO IT CAN BREAK BULLISH TO THE UPSIDE OF STRONG NEGATIVE THICK ORANGE DOWNTREND; STRETCHING UNTIL NOV 1, 2021... LOOKS LIKE THE BEARS ARE GAINING CONTROL.

Bitcoin NEEDS to close above thick red line & thick black uptrend line @ 54,000 price today, or Btc could downtrend towards MUCH lower price levels πŸ₯ΊπŸ“‰ like 49.5k price area
51.5 thousand price area should be the max dump level bitcoin could go today.... MAX worst case scenario πŸ“‰πŸ˜ˆπŸŒ§ very slim.

I BELIEVE BITCOIN HAS HIT ITS PEEK FOR THIS MONTH... REST OF OCT HAS A MUCH HIGHER CHANCE OF GOING DOWN FROM HERE...  



source https://www.gasleesun.com/2021/10/date-10172021-gas-lee-sun-presents-day.html

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