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afbitcoins
Feb 22, 2016 12:41 PM

Bitcoin to go up (or down then up) Long

Bitcoin / U.S. dollarBitstamp

Description

Bitcoin seems to be facing quite an obvious area of resistance, marked with a purple dash. I'm expecting bitcoin will have enough momentum to get through that on this current bull move. If not then perhaps a drop down first, both scenarios shown with blue arrows.

Horizontal red line up at 630ish looks like quite obvious area to look for next resistance
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