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MFinlow

Look for clear brake out upwarrds

Bitcoin (BITSTAMP:BTCUSD)  
MFinlow  
BITSTAMP:BTCUSD   Bitcoin
Trend Analysis Support and Resistance Fibonacci
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trendanalysis supportandresistance fibonacci
If the BULLS can brake out of the descending Channel then they have another resistance line at $8737.38.

The bulls must brake the fist Fibonacci level which is the 0.236 for the trend to have a chance of turning from bearish to bullish.

but as we see the 21 weekly MA has crossed the 200 weekly MA which could lead to a false brake out.
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