Bitcoin currenty hovering just over the 61.8% fib channel in a healthy uptrend. Approaching 78.6% fib which is at approximately 12.6K. As we saw last week, this tends to play as a strong resistance! If we push that high, I'm expecting a bounce back.
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200 day MA about to cross under the 50 day estimated for 2/20.
Last time this happened was on 10/2/17 at $4K and #Bitcoin returned 250% in 3 months . Look alive!
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Those of you that are visual learns (like myself) this is the best view of $BTC I have made.
Our drop to 6K was nothing but a buy signal. The yellow line is the middle of our channel and we are now approaching 78.6%.
Bitcoin is back. Ignore the media and refer to this chart.
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