Augustus_Lee7

Bitcoin: Short-term Outlook

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BITSTAMP:BTCUSD   Bitcoin
Chart is pretty self explanatory, but as you can see, price broke above the downward trends resistance (red line), before reversing and using it as support. This is one of many signs of a reversal. We are currently testing new resistance (blue line), but given the momentum and breaking the downward terns, we should have enough buying to break above the current level being tested.
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