prcruz408

Potential turning points on BTCUSD - Long term trade

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
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Currency pair returning to origin of large move up on monthly time frame. Area highlighted are previous areas where there was a demand imbalance causing price to move quickly upward Price would be retracing to these areas for the 1st time - may provide the necessary firepower to turn downtrend in sideways range or uptrend. May be to late to initiate further shorts as profit margins may be short to justify risk (low reward to risk).
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