angus01408

Bitcoin simple analysis

BITFINEX:BTCUSD   Bitcoin
4 hour chart
A = Resistance shown by .382 fib not just on the 4 hour chart but the daily also
B = Support shown coinciding with trend line which started last july

Yellow sloping uptrend lines are from july and the green uptrend line was established by the previous two lows last November and this February

Looks like Resistance at 8500 USD area and support at 8000 USD
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