Chart of The Week $BTCUSD 12-25-2016

The instrument is testing 900 level, Pitchfork uptrend channel and 78.6% Fibo retracement of 2014 swing high-low. Here we could see some consolidation or even rejection, and if we have deeper correction to 750-800 zone you should use a chance to buy targeting 1000 and higher.

Happy trading! (click on the chart to enlarge it)

Bitcoin technical analysis


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