AlanSantana

$38500 Breakout or Rejection? Bitcoin's Same Local Resistance

BITSTAMP:BTCUSD   Bitcoin
We've been looking at the $38,000 - $39,000 price range as resistance based on multiple candlestick patterns and rejections.

This same resistance is right now at work.

This chart makes it very simple for you.

Above "Local resistance", Bitcoion can grow.
Below it, we get consolidation or more correction.

Additional details on the chart.

Namaste.

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