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foxxo
Dec 29, 2013 2:01 AM

BTC supports Long

Bitcoin / U.S. DollarMt.Gox

Description

In my opinion, the price is under influence by 2 fib distributions with a strong rising support line.
We'll go sideways until 30th and the larger distribution .618 is crossed by support, then we'll break higher. Any cross below support is likely to be a false low ready to break higher. 870 to become new support level for the new year.
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