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Bitcoin / U.S. dollar BITSTAMP:BTCUSD

p4917

Looks like we can open the bullish case.

Triangle formation has broken to the upper side
Re-Test of the triangle on the upside on Friday
Price above still above the 50 SMA
Short-term MAs are bullish aligned (17 EMA > 30 SMA > 50 SMA )

Could be a nice long setup. Valid on the daily and weekly timeframe . If the price drifts further down, I would see this setup invalidated.

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