Rashad

Ascending triangle still possible on Bitcoin

Long
BITSTAMP:BTCUSD   Bitcoin
New rising support line catches price at ~$640 then ~$662 (near 50% retrace line). Although the first trend line I discovered failed to hold at ~$669, if the second rising support line holds, a break out above the 61.8% retrace at ~$685 is possible with a continuation to the 76.40% line at ~$722.

My target is $680-$720 with a time frame of July 05, to July 09

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