TheCryptoMonkey

Downward Channel = Ascending Breakout to Come

BITFINEX:BTCUSD   Bitcoin
Downward channel = ascending breakout. A breakout to test the $8,282 is expected on the one hour. A significant breakout is needed for the bulls to crush through higher resistance levels. RSI & MACD indicate a reversal. If bulls cannot carry this pivot, expect a retracement to test support at $7,750 levels. #BTC

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