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dmkiller11
Jul 21, 2017 1:08 AM

BTC showed strong bull forces today, but it can't hold Short

Bitcoin / U.S. dollarBitstamp

Description

Bitcoin spiked up following the news around BIP91, but it seems that its bull run is going a little down.

You can see as soon as the spike was reached, the volume dropped which indicates this price cant hold. Target is the green dot, however BTC can be unpredictable at times, so trade with caution! :) Good luck!

Trade closed manually

Market is looking uncertain, I decided to close half of my short from 2925 -> 2675.
Comments
Filipno1
nope..
dmkiller11
@Filipno1, Why not?
Filipno1
@dmkiller11, because fundamental analysis overrides technical analysis this time, mate ..
dmkiller11
@Filipno1, very true. Depends on how the upcoming changes affect the market. Will be interesting to see how this plays out!
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