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KryptOrchid
May 8, 2018 2:45 PM

Likely further downward correction at neckline... Short

Bitcoin / EuroCoinbase

Description

We're currently testing the 23.6% Fib support level, which if broken can cause the price to fall to the neckline. The second shoulder shouldn't top the first one. A further correction downward could face two possibilities, a rebound around the 2 stdev Bollinger band followed by a retracement once the 1 stdev Bol Band is hit, or straight to the lower trend line.
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