sch1
Long

BTCUSD 3 resistance vs 2 support BUT STILL LONG

BITSTAMP:BTCUSD   Bitcoin / Dollar
BTC             ON 4h chart


BTC/USD appears to be ready for an up move, after trading sideways for a while.

According to this Overview price is in a down trend finding support at 12400 .

Two smaller resistance lines formed from the downtrend at 13600 and 14700 which are driving price down again.
Daily trading between these prices has been beneficial for traders for some while now .
.
Expecting some volume to build up at the beginning of the year for price to break these lines and pull back to 15500 where we will be again in an uptrend following previous trend .

sch
cheers
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