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BTC bear run over

Long
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BITSTAMP:BTCUSD   Bitcoin
BTC bounced on the 1d while oversold of the 200 SMA....
I couldn't of painted the charts better myself.. on the 4hrs we have a nice little channel, trade the channel bounces.
Comment:
i.imgur.com/WzsOOii.png
Just had a double bottom on 4hr.... I would expect it to shoot up now if this holds.
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