tkngoni981

Idea on BTCUSD's future movement.

BITSTAMP:BTCUSD   Bitcoin
Just following the BTCUSD moves and notes. We just had a good move from $52000 to 58000. If price plays upwards above the previous peak we could be looking at a move to $62000 at the least.

Breaking below $55000 and the bullish trendline could mean we are headed to $47500 at the least (strong support area) and $40000 at most. Price has to break one of the zones and close above/below it strongly. Price above 50 moving average to confirm buy and below it to confirm the sell.
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