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Long 550-580. 50% Retrace. Support. Badly oversold.

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
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Long 550-580. 50% Retrace. Support. Badly oversold. And close to the LONG term trend line .

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We are so vastly oversold. I wonder if this is going to be the bear trap... hmmm.
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