HairyMaclairy
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Degenerate bull hatter & Bitcoin monotheist


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July 19, 2018, 12:12:20 AM
Last edit: July 19, 2018, 12:30:39 AM by HairyMaclairy
Merited by Torque (2), bones261 (2)

Context - top line comes from peak.  

*Bottom yellow line was strong historic support, has now flipped to resistance.  Yellow line expected to be strong resistance point.  One penetration attempt has already been rejected.
*Top blue line was historic resistance, has flipped to support.  Blue line not quite as strong as yellow line but still solid.



Current situation - price at ~$7330



Short term prediction:  price will drop to test new support at ~$6900 but will not penetrate support in short term, instead will slowly track blue support line downwards.  
Price to remain range bound for next 2 days between yellow and blue lines.

Brown EMA will come into play as a support line, but its support offered is weak.