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       #Post#: 399--------------------------------------------------
       BITCOIN PRICE ANALYSIS: BTC POISED FOR DROP TO $7,200 AS ALTCOIN
       S TUMBLE
       By: diuk Date: September 23, 2019, 6:40 am
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       On the 1 hour chart for XBT/USD, we can see price action has
       been slowly falling after exiting the falling wedge that formed
       throughout the beginning of September. Price levels briefly
       dumped through support at $10,000 on the 19th of September but
       quickly turned around and created a higher high. This seems to
       indicate that volume levels are very low, and any volume spikes
       that do occur will have a very clear direct impact on short-term
       price action making trading the current chop very difficult.
       Both the 50 MA and 200 EMA on the hourly chart have been moving
       extremely close to one another for the last two weeks. This
       shows that the current price action is going through a period of
       predominantly sideways consolidation. RSI currently sits around
       the 40.00 level and could turn in either direction. However,
       overall it’s likely that price levels will fall below $9,400
       over the coming days or weeks depending on how long the current
       period of consolidation lasts for.
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