hmborges

The next movements

BITFINEX:BTCUSD   Bitcoin
Since the 100 days moving average was lost, I believe that Bitcoin is going to test the 200 days moving average, around $7800, that also matches with the 0.618 Fibonacci region.
RSI and Stoch indicators show to us that the price is a little oversold and makes me believe that it will pump at least until 12400 zone.

As the future unfolds, I'll update this idea.

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