Auguraltrader

BTCUSD on a good break out

BITSTAMP:BTCUSD   Bitcoin
BTCUSD had popped up when PayPal disclosed their adoption plans.
A surge in BTCUSD (and friends) took place and it is appearing not to follow through too eagerly.
Volumes speak much about a tired bull here, despite being fundamentally legit.
MACD although is supportive, it should be hitting a resistance soon too.

These, when firmed upon a last spike over the next few days, should see a retracement to about 11000, near end of November. Thereafter, the next bull run phase should start setting up.

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