BTC Fan Line Uptrend Signal

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Fan lines are drawn along successive peaks in a downtrend. The breaking of the third fan line usually signals the start of an uptrend.

Short-term retracement to the third fan line is expected as a test it has changed from resistance to support. If support is confirmed, a new uptrend is expected.
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