CONFIRMATION BIAS

LBX Market Report: 6th March 2018

Remember that longer time frames are required to confirm proper reversals

After seemingly breaking the log chart resistance we referred to in yesterday’s report, at 20:15 GMT bitcoin instead started dropping from its daily high of £8.44k ($11.69k). It’s currently trading 3% to 4% lower than this high, but it seems that we are still at a bullish inflexion point.

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