MikeN

Not out of the woods yet!

BITSTAMP:BTCUSD   Bitcoin / Dollar
456 2 9


Don't let the swift recovery fool you, there are still quite a few obstacles before a true trend reversal.

Price has to cross the 4H cloud (rather strong indicator), so far it looks favourable, the cloud is weak at that point.

Afterwards, the price will hit the trendline , and only after crossing it will this reversal be confirmed on the mid term.
have we crossed it now?
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Awesome!!
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