Bitcoinik

Bitcoin possible Double Top, Stop loss is must

BITSTAMP:BTCUSD   Bitcoin
Bitcoin is forming double top on lower time frames. We may see a retest of $44,200 and if unable to hold that possible wick to $42,600. The major support zone is $40,800-$40,900 and if unable to hold it we may see $37,500. The next major resistance is the $50,000 zone and we need good volume to break it. Use stop loss on all your trades. The market can go either side, be prepared.

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