Gone2surf

Taking out previous low support

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BITFINEX:BTCUSD   Bitcoin
Bitcoin continues to behave in a negative manner taking out the recent previous low support as the macd is confirming with a sell signal. Not shown here is the weekly/monthly patterns which continue to have negative oscillators pointing down after the massive bubble that took place. This longer term pattern continues to weigh on the short term pattern making gains difficult in the crypto currency.
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