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vnee
Mar 11, 2018 9:13 AM

level of reverse movement not far 

Bitcoin / DollarBitfinex

Description

Today we have a deep correction, began after two attempts to punch 12,000.
The price broke the 9500 - and we received a pattern of two tops, according to the price can drop to 7500 (9500-2000).
On the way down on 7850 (0.786 Fibonacci) there is a level of support,
RSI and stochastics are in the owersold area, so it is more likely to stop and reverse the movement at 7850 (before 7500).
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