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TheCryptoMonkey
May 22, 2018 7:02 PM

Downward Channel = Ascending Breakout to Come 

Bitcoin / DollarBitfinex

Description

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
Comments
CryptoTaxAttorney
I would like to remain bullish and see a breakout to the upside but until we get significant buy volume this market is going nowhere.
TheCryptoMonkey
@Pinarello1967, I couldn't agree more.
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