kaaiii

BTC Will we get a short term bounce

Long
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Looking at the 1 hour chart considering the week we've had it's hard not to be a little bullish . At least in the short term.

I expect if we can break above the orange 55 SMA be might see a little rally up to the $9200 area which is where the bottom of the green rectangle indicating prior turning points meets the 0.382 retrace from this weeks correction...

After that we'll need to re-evaluate.

Invalidation point is the break of the curved line which is currently lining up with my parabolic SAR
Comment: Slightly longer timeframe:

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