Crypto_Moses

Copy and Pasta at thumbs up?

BITSTAMP:BTCUSD   Bitcoin
No sale signals yet so think we're good for one more bounce into resistance. Looks like convergence of moving averages there will eventually be more donw just because the longer term ones are still pointing down, but channel is clearly a reversal one so being overly bearish hear could be a potential trap, especially if we break into the new second tear channel over head that's being inferred by price action as a parallel thing developing. But until we're up there middle point of the reversal trend is resistance I think.

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