VanSteenMarketResearch

[BTC/USD] Bitcoin 24h-outlook

BITFINEX:BTCUSD   Bitcoin
Yesterday's spike up didn't really continue, price struggling around 7500 level. On the lower timeframe you see price clearly rejecting and momentum slowing down:


Also, on the higher timeframe there is a support channel line matching up.


I'll keep the chart updated
Comment:

Another confirmation price is not pushing higher for now
Comment:
Dropping now, close to it's destination
Trade closed: target reached:

Completed the setup

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