BTCUSD

BITSTAMP:BTCUSD -0.07% found ground under its feet and broke the downtrend, which was in play from the beginning of this year. Climbing from 6600 low to 8900 (at the time of writing), trying to break through 9000 resistance level. Already denied three times, but for the uptrend to be fully confirmed, bulls need to break few more resistances. In my chart you will see major resistances and supports, with potential trendline. Remember buy at support lines and tend to sell on resistances.

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Bitcoin have made a breakthrough today with strong candle, now towards next resistance.

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0.618 extention works as a support, hopefully it will hold or we will go lower. But I think we are in bull trend in a last two weeks so I am going long.

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Price established higher low on 4H chart.

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Last four days were great, Bitcoin breaching resistances. Bulls are powering upside moves. We can expect to reach 10300.00 level resistance soon.

iglanbo1899

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BTCUSD

by iglanbo1899

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