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chazd
Jan 24, 2018 12:46 AM

BTC downtrend 

Bitcoin / DollarBitfinex

Description

currently in a falling wedge. would like to see us break out of it, but still wouldn't be surprised to see further retracement after that. The cloud is now providing resistance on the daily. Two clear support lines still in tact from bull runs started in July 2017. Look for bounces to maintain current bull trend.

Fib extension of those bull trends puts us at ~30K btc in may/june.
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