TheTradersBias

Bitcoin weekly consolidation

BITSTAMP:BTCUSD   Bitcoin / Dolar
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Bitcoin weekly is in a consolidation. While Bitcoin is in consolidation it is suitable for short term trades. These weekly consolidations tend to last between 8 to 10 weeks on average. When there is a breakout and a cross on the stochastic and a break above resistance the price is likely to trend higher which suits longer term holders.
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