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Signal_Centre1
Oct 16, 2020 12:28 PM

Bitcoin headed towards $11.000 Short

Bitcoin / U.S. dollarBitstamp

Description

Bitcoin - Short Term - We look to Sell

Bespoke resistance is located at 11700.
50-hour EMA is at 11260.
A break of yesterdays low would confirm bearish momentum.
Short term bias is mildly bearish.
11731 has been pivotal.
Trend of lower low can be seen.
MACD continues with third selling wave.
RSI is trending lower.

Our profit target will be 11050

Resistance: 11420 / 11580 / 11700
Support: 11310 / 11250 / 11100

Order cancelled

Comments
Capt-Ahab
Nice idea - thanks for posting!
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