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    LOOKING FOR RECOVERY Bitcoin Price Chart Holds Support for Short Squeeze Scenario, Wyckoff Alternate



    The Bitcoin price was able to hold its support level at $20,700 throughout the weekend after Friday’s liquidation of longs sending the price tumbling down to the support level. Bitcoin is still setting a series of higher lows by maintaining the $20,700 price support level, creating a similar structure to those that end up “short squeezing” back upward. In this video, I review how those have played out in the past, and discuss alternate structures if the $20,700 price for Bitcoin were to be breached.

    Below are products and services that I personally use and spend my own money on.

    Ledger Nano – Get your crypto off of the exchanges and into your own possession with a cold storage wallet.
    https://shop.ledger.com/?r=1da91545b469

    Unstoppable Domains – Own a .crypto domain, and tie multiple crypto addresses and wallets to one simple human readable name, like mine, bcbacker.crypto, where you can send me XRP, BTC, ETH, ADA and more, by using that one simple address.
    https://unstoppabledomains.com/r/d245bfb21ad8485

    iTrustCapital – Cryptocurrency Retirement IRA’s are here and I can trade within my IRA and have non-taxable events. Get $100 credited to your account when you sign up and fund your account through my link, a special deal worked out for viewers of the BCB channel and iTrustCapital.
    http://itrust.capital/bcb

    TradingView – The technical analysis charting software I use in every video, utilizing all the tips and tricks, best practices, complete analysis of the cryptocurrency market and exit plans. Get up to $30 off your subscription when you sign up through this link.
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    Linqto –Private equity investing in companies prior to having their IPO. They offer popular companies like Ripple.
    http://bit.ly/Linqto-BlockchainBacker

    Hi, I am the Blockchain Backer, bringing you the latest cryptocurrency news and analysis. The content of my channel primarily focuses on crypto news, motivation, and chart analysis on the XRP chart, Bitcoin chart, various Altcoin charts, and market cap charts.

    To support my channel and become a Backer, Hodler, or Whale here on YouTube, here is the link: https://www.youtube.com/channel/UCia6oYbLKo8fLOguATpACmA/join

    DISCLAIMER: I am not a financial adviser. Investing and trading is risky, and you can lose your money. The information in this video should not be used to make any investment decisions. You should contact a licensed financial adviser prior to making any investment decisions. Any affiliate links in the description of these videos may provide a commission if you decide to purchase their products. I appreciate any and all support of my channel, and without you, I wouldn’t be here. Thank you.

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    25 Comments

    17. Blockchain Backer on

      The Bitcoin price was able to hold its support level at $20,700 throughout the weekend after Friday's liquidation of longs sending the price tumbling down to the support level. Bitcoin is still setting a series of higher lows by maintaining the $20,700 price support level, creating a similar structure to those that end up "short squeezing" back upward. In this video, I review how those have played out in the past, and discuss alternate structures if the $20,700 price for Bitcoin were to be breached.

      Below are products and services that I personally use and spend my own money on.

      Ledger Nano – Get your crypto off of the exchanges and into your own possession with a cold storage wallet.

      https://shop.ledger.com/?r=1da91545b469

      Unstoppable Domains – Own a .crypto domain, and tie multiple crypto addresses and wallets to one simple human readable name, like mine, bcbacker.crypto, where you can send me XRP, BTC, ETH, ADA and more, by using that one simple address.

      https://unstoppabledomains.com/r/d245bfb21ad8485

      iTrustCapital – Cryptocurrency Retirement IRA’s are here and I can trade within my IRA and have non-taxable events. Get $100 credited to your account when you sign up and fund your account through my link, a special deal worked out for viewers of the BCB channel and iTrustCapital.

      http://itrust.capital/bcb

      TradingView – The technical analysis charting software I use in every video, utilizing all the tips and tricks, best practices, complete analysis of the cryptocurrency market and exit plans. Get up to $30 off your subscription when you sign up through this link.

      https://www.tradingview.com/?aff_id=108410

      Linqto –Private equity investing in companies prior to having their IPO. They offer popular companies like Ripple.

      http://bit.ly/Linqto-BlockchainBacker

      Hi, I am the Blockchain Backer, bringing you the latest cryptocurrency news and analysis. The content of my channel primarily focuses on crypto news, motivation, and chart analysis on the XRP chart, Bitcoin chart, various Altcoin charts, and market cap charts.

      To support my channel and become a Backer, Hodler, or Whale here on YouTube, here is the link: https://www.youtube.com/channel/UCia6oYbLKo8fLOguATpACmA/join

      DISCLAIMER: I am not a financial adviser. Investing and trading is risky, and you can lose your money. The information in this video should not be used to make any investment decisions. You should contact a licensed financial adviser prior to making any investment decisions. Any affiliate links in the description of these videos may provide a commission if you decide to purchase their products. I appreciate any and all support of my channel, and without you, I wouldn't be here. Thank you.

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