ChartArt

Bitcoin Price Looks Overbought Today

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BITSTAMP:BTCUSD   比特币
4
The price made a triple top and a lower high today and the RSI fell from breaking above 70 (71) back down below 70 (69), which are all bearish signals. I expect the price to make a overdue correction to the 285-280 price area, before the uptrend resumes next week.

Entry: 295
Stop Loss: 297
Target: 285

(Bitstamp prices)
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