EliteTradingSignals

BITCOIN LONG FROM SUPPORT

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BITSTAMP:BTCUSD   Bitcoin
Hello,Friends!

BITCOIN pair is trading in a local uptrend which know by looking at the previous 1W candle which is green. On the 4H timeframe the pair is going down. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 29656 area.

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