BitcoinLong
LONG on BTC
Bitcoin is looking good for a small profit following a reverse double top formation and the breaking of that resistance line along with decent Fib ratios - that could be looking better if the trend continues. Bitcoin RSI is reading as not too overbought; although, slightly overbought.The profit loss is just brought over from the last dip and the potential profit uptick is gauged using the head from the head and shoulders pattern. I predict a drop shortly after it reaches the $1,000. + range which will be a good opportunity to buy.
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