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Buy Pivot on the weekly chart

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BITFINEX:BTCUSD   Bitcoin
Buy Pivot on the weekly chart has printed on the 17 of Dec 2018.
The price is also it a demand level from where price accelerated out of the range in Sept 2017.
Not sure if this is a flight to safety as equity markets are correcting.
The first target should be the 6000 handle.
We may see a sell pivot develop at 6000 level as an accumulation/distribution range should build before a move higher or lower.


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