#BTCUSD full price recovery have been made with current prices well above previous high @1220.00 The 'BASIN / CUP' formation has been defined with prices trading well closest to the guiding range.
As of March 01, 2017 Asian Session
Meanwhile the corrective move below its previous high serves as the pause with the directional trend remains. On the tech angle, expect the 'Handle' to be made at the full completion of the formation. Pullbacks from highs are expected as prices will drift gradually lower to form such handle before resumption of its higher prices moving forward. Technical trading surpasses China intervention on Bitcoin exchanges.
Reference Info: China Hammers BITCOIN Exchanges
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