BTCUSD: Retest of former Resistance and 1D MA50.

BTCUSD is on a short term pull back with the 1D technicals bullish (RSI = 60.143, MACD = 1080.300, ADX = 37.344) but much less overbought than previously. Having crossed over the Inverse Head and Shoulder's Resistance (25,250), this pull back is most likely the Bull Flag that will retest is as Support, along with the 1D MA50, and will rebound to Resistance 2 (31,800) as the long term bullish reversal pattern suggests (technically the target can get as high as 35,000).


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