michaelhlee20

BTCUSD - Trend Analysis (NEUTRAL)

BITSTAMP:BTCUSD   Bitcoin / Dolar
Given how we broke the previous downtrend resistance, I think we can ride this all the way up to around 16400 (reasonably).

However, I expect a pretty rapid correction to as low as 13000 given previous support and resistance barriers.

NOTE: I have no position in this. This is purely my speculation. Also, this only shows the TA side of it (not the full story!).
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