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FXHighway
Dec 13, 2018 6:12 AM

Bitcoin heads for more losses Short

BITSTAMP:BTCUSD240
Bitcoin / U.S. dollarBitstamp

Description

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Target: 2700
Risk: 3820

Technical reasons:

Bitcoin price continues to move around 3400.00, waiting for more decline supported by the exponential moving averages 50 and 100.
Our next target at 2700.00, and the continuation of the expected decline requires the consolidation below 3820.00.
Trend AnalysisBitcoin (Cryptocurrency)BTCBTCUSDbitcoinprice
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