digitalblack

Downward channel stopping at natural resistance levels?

Long
BITSTAMP:BTCUSD   Bitcoin
Not sure where the channel is going to stop. Bounced off the 15,000 level, but RSI is showing the pressure has come off. I think it will drop further, maybe bounce off the 14,000 limit, but we'll see.
Eventually I still believe the fundamentals are there to go back up. I think this is a short term correction that will turn around for long term gains.
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