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TraderMetatronFx
May 24, 2020 4:08 PM

Bitcoin - Will we breakdown from the rising channel ? Short

Bitcoin / U.S. dollarBitstamp

Description

In my previous analysis on Bitcoin, I called for a drop to Bitcoin to 7700. I am still confident in my short, and will continue to hold. A breakdown of the rising channel and engulf of the demand zone that was been tested would confirm in my opinion.

Comment

Broke the rising channel, engulfed previous demand, below the daily pivot. Bearish.
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