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EmpowerTrader
Aug 5, 2018 9:10 AM

BTCUSD Heading to $6800, Still Room for Downside Short

Bitcoin / DollarBitfinex

Description

Price has broken support once again. Now look for price to fall to the following support levels as seen in the chart

Scenario One (Bearish Breakout): Price falls to to $6800.

Scenario Two: Price bound to $7250.

Comment: Price continues to break supports at a very fast pace, that indicates that the market is still bearish on the bitcoin.

Trade active

Price broke $6800 resistance, look for price to consolidating between $6400 - $6500 area.
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