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48.TECHNICAL ANALYSIS: BTCUSD (Published: 19th Sep, 2017)
BTC/USD has been rallying after the recent sharp drop below $3000. It has pushed through $4000 but the momentum and volume were diminishing. Overall an uptrend is formed but a retracement to the 38.2% Fibonacci level at $3690 is very likely before going higher. Traders should wait for more signals at that level before entering a long trade.

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