PsychonauticalTrader

Bitcoin topping out short-term (8.3K target)???

Short
BITSTAMP:BTCUSD   Bitcoin
Pretty simple setup. We have a "diamond top" pattern (reference in chart) that seems pretty classic, although the volume profile doesn't look quite right. Should lead to a downside target of around 8.3K in most cases. Wait for the breakout to go short.

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