[2016-03-15]Bitcoin Price Technical Analysis – Right Shoulder Forming?

[Blawpaw]

Bitcoin Price Technical Analysis for 03/16/2016 – Right Shoulder Forming?

The Fibonacci retracement tool applied on the latest swing high and low shows that the 61.8% level lines up with the strong resistance and area of interest at $415. A break above this area could invalidate the pattern and lead to a move up to the highs at $425. Further rallies past that point could put bitcoin price on track towards $450 then $465...

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