BTCUSD - In trap of rectangle for BITFINEX:BTCUSD by jimmycdn

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Hello Traders,
Price stop 1015$ from our upper target, and now slide down.
As usual price creates long black candlestick which is our grey rectangle. Quite common formation on Bitcoin.
By now you know how to use this formation. Momentum is very strong in down move.
Be careful this is very dangerous situation, respect boundary of grey rectangle.
First support is on 56196.2.

Cheers,
Jim

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