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Lynx4x

Bearish on BTC/USD if it fails to break $16,700+ by end of 2017.

Bitcoin (BITSTAMP:BTCUSD)  
Lynx4x  
BITSTAMP:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Fibonacci Retracement
2
0
trendanalysis chartpattern fibonacciretracement
bearish Head and shoulder formation.
Fib at 0.382 ($14,423.38) broke. Second resistance at 0.236 ($16,420.00)

if zone: ($16,783.65 - $16,198.11) breaks I expect a bullish rally upto ATH of $19,000+ in New Year.

Failing to break at ($16,783.65 - $16,198.11) I expect a pull back to zones 0.5 ($12,809.68) and second support at 0.618 ($11,195.98).
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