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BTC Scallop Formation
Bitcoin
Long
BTC Scallop Formation
By MorpheusCrypto
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Sep 16, 2017
3
Sep 16, 2017
BTC is forming a scallop formation. We can confirm a positive uptrend once the support closes above the resistance level.
Watch out for throwbacks below the trendline which would signal continued bearish price movement. Generally, throwbacks range between 4%-5%.
BTC
Chart Patterns
Cryptocurrency
MorpheusCrypto
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