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Topic: [2015-12-14] Bitcoin Price Consolidates; Coiling Up For A Breakout? (Read 227 times)

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As a general rule, once we get into a trade in the bitcoin markets and according to our intraday strategy, we don’t get into another before the markets take us out automatically (either via a stop hit or a target hit). As such, and as we head into this evening’s Asian session, we are not going to be taking a position, because we got into a long trade on the breaking of in term resistance a little earlier. With this said, this analysis isn’t just for us – its for our readers as well – and for those who aren’t yet in a trade, here are the levels to keep an eye in in the bitcoin price this evening, alongside a definition of our risk parameters. As ever, take a quick look at the chart below.

http://www.newsbtc.com/2015/12/14/bitcoin-price-consolidates-coiling-up-for-a-breakout/
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