BITCOIN price in Triangle, when to open position?

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
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- Price in Triangle
- Price near Suppot/Resistance line
- If price will make breakdown bottom part of triangle and support line, then after pullback we can open short
- 1st Target 7050 $ and below
- Always do your own research

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you work is good)
good shot!
Nice triangle spotted. Now that it has broken below, is that to be treated as a short confirmation for the short term?

I do have a medium term fibo analysis that signals the current bear trend is yet to end before hitting 1.618 so am thinking to combine your analysis for a better risk reward short/medium term trade.

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