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Full of Daily Dojis for Bitcoin

Tuesday, December 19, 2017 8:06 AM GMT

Bitcoin is forming a series of Dojis near the all-time highs. This indicates a balance between buyers and sellers. In addition, this can be a re-accumulation of positions before BTCUSD heads to new highs. MACD is still rising; MACD histogram is declining while RSI (14) is moving above 80 level.  

Daily

Heading to the 15 TF, the range remains same as yesterday, $17600 - $19100, while there is another smaller range among $18870 to $18480. RSI (14) verifies the consolidation phase as its moving between 40 to 60 levels. The 200 SMA is rising and it may offer a decent intraday support for the buyers.

15TF

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