BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
BTCUSD peeked to the psychological 5000 level and then dipped to 4000 as expected. Recent bounce off the 4000 area seems to be fueled only by day traders and in the longer perspective should break down to first stringer resistance at the 3500 area. Here I will keep an eye for a possibility to establish long position however stronger support at the 3000 area should not be ruled out. All entries should be supported by the price action.
Safe sailing.
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