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mytorc

4hr RSI indicates possible resumption of bullish trend?

Bitcoin / Euro (BITSTAMP:BTCEUR)  
mytorc  
BITSTAMP:BTCEUR   Bitcoin / Euro
Chart Patterns Technical Indicators
4
0
chartpattern indicator
The 4hr RSI has made a lower low and price a higher low

Does this indicate likely bullish trend resumption or will the correction continue down to the bottom of the middle (green) upward channel as it did on Aug 2nd - this time around EUR $3200 (or on BTCUSD to around $3850)?

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