DredDine

BTC/USD Ranging!

Short
BITSTAMP:BTCUSD   Bitcoin
BTC/USD is stuck between 20,566 and 19,526 as seen on the H4 chart. Bitcoin could fall back down at least to the previous lows as long as it remains below the downtrend line and the weekly pivot point of 20,325.

A larger rebound could only be triggered by successfully breaking through the downtrend line and recording a new higher high.

Good Luck!

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