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CryptoAddict77
Nov 21, 2016 4:03 PM

At 50% retracement 

BITSTAMP:BTCUSD30
Bitcoin / U.S. dollarBitstamp

Description

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We have retraced 50% of the fall and this area will act as resistance for now. There might be either a consolidation or another pullback to test the 710-720 area. If the price breaks up from here right away it will be very bullish.
Bitcoin (Cryptocurrency)retracementsresistnace
Comments
alexEnShort
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funny, on the btc/cny chart, this level is the halving rally top, so it's already a resistance for an other reason :)
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