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Short

The simplest case for being a Bear in Bitcoin right now

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
217 0 0
1 Month candle still red in Heiken Ashi
Resistance from 475 to 342 not broken
Downward wedge still present
Still many lower levels to be tested of former holders
Long standing downtrend from 1M is still intact.

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