📈 BITCOIN - BEARS VS THE BULLS! 11/1/2018 📉

BITCOIN - BEARS VS THE BULLS!

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These graphs show the key resistance and support lines that Bitcoin -7.98% has formed over the past few days, you should use these in order to leverage your trades. You can expect that we will take a short-term dip to the support line, where we may consolidate and make another move upwards which will break through the horizontal resistance. This would be a confirmation to go to our second price. However, if we break below the support you could expect to see another decrease incoming. 

Link to analysis

• MACD - Looks more on the bullish side, we have a created a support level on the MACD , this is a good sign and we have not seen this in BTC -7.98% for a while. 
• RSI - Is consolidating or fluctuating between the blue rectangular box, this shows that trading is very tight and there is a period of steady buying and selling. Usually an indication of an upcoming breakout or breakdown.
  
• Orange - Resistance. 
• Pink - Support. 

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