BitcoinLong
Bitcoin Catching Momentum!
Bitcoin finally caught a significant bid as we have been in the doldrums for some time. We are at 54.3K, which is about the .786 Fibonacci retracement level of our ABCD pattern. So if you entered a swing trade off this signal it may be a good time to take profits. We are seeing some resistance here and could easily retrace back to to 50.8K. If momentum continues, the next level of resistance is 55.7K and then we are back to highs.
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