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Nickel Bitcoiner
Nickel Bitcoiner
Posts: 18
Joined: Sat Nov 07, 2015 3:36 pm
Location: Ffm
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Bitcoin trend = grinding consolidation

Tue Nov 24, 2015 8:11 pm

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After coming down from 2015 highs the price is continuing to consolidate. In the last few days sell off attempts have been bought up and there have been buyers in the 310-317$ area.

On the other side there have been plenty of sellers once the price reaches the 323-326$ range. If the price clearly breaks the support at 310$ then there could be enough momentum to test 300$ and possibly 270$.

On the upside if the price breaks 326-327$ then we could see a retest of the 336-342$ area where there was a lot of selling before.

Currently Okcoin futures are at a slight discount to the index, which leans more to the downside.

Anyone that wants "stablity" should be happy. This is not advice, trade your own account, trading is risky you can lose all of your capital.

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