BITSTAMP:BTCUSD   Bitcoin
This analysis is NOT intended as a trading recommendation, it is a personal analysis of the price behavior with the purpose of establishing a possible entry...

The BTC is showing a short-term parallel channel movement, as well as a long-term shoulder head shoulder pattern. The direction of the BTC will be defined once it breaks the parallel channel line. If BTC breaks below 30,035.56 then 27,677.68 could be considered an entry point.

Invest cautiously and have happy transactions!

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