Technical Analysis Update BITCOIN - (BITSTAMP:BTCUSD) - 7/2/17

in bitcoin •  7 years ago  (edited)

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Support 2 held on this last correction , we need to break out of the ichimokus and the current resistance line still at 2550.

Possible entry level for long trades at the 0.618 fib 2400-2450.

Still bullish until that support 2 uptrend line breaks

Pennant is closing and the price is coiling we will see where the market is going in the next couple days.



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This post received a 1.9% upvote from @randowhale thanks to @natra! For more information, click here!

Just bought some BTC <$2350 no intention of selling even if the price goes south.

the art of hodl

Good stuff... Thanks for sharing

i think the bears are losing strength right now, bull market i right around the corner so hodl, good analysis

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gooood analsis

Testing the pennant for the first and hopefully last time. Won't be a long wait to see this formation play out one way or the other.