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CM_Trades
Aug 2, 2019 6:15 PM

Pesky 200MA on Bitcoin  Short

Description

Bitcoin broke through the monthly open with higher than average volume and head straight to the 200MA

We so far had a strong reaction from there and it isn't printing the best candle on the 6H chart

Next strong support would be the weekly level around $10,192

OBV has also ran into the downtrend trendline resistance

We would need a close above this MA to confirm an uptrend and change our "spike are for shorting" bias

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