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sammantic
Nov 20, 2014 6:31 PM

Still Bullish but evidence is leaning to bear mode. 

Bitcoin / U.S. dollarBitstamp

Description

Price has penetrated into the cloud and is now stuck in it.

It has tested support and held thus far. But it is a time to be cautious and the evidence is leaning bearish. If we break through support in the 350-357 zone. Time to short it. Other indicators need to improve or it looks like a false breakout occurred. Now is a time to be vigilant.
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