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samwalker_
Jan 22, 2018 12:21 PM

$11.9k Rejected. Short

BITFINEX:BTCUSD60
Bitcoin / DollarBitfinex

Description

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1.) Price tested 11.9k range high resistance - rejected.

2.) Hourly hidden bearish divergence in tandem with rejection at resistance.

3.) Short-term support based on two swing lows at 11k.

4.) Range: 11k - 11.9k

5.) Still eyeing a run of the 10.5k range.

Comment

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Price has fallen through short-term support.

I'm now expecting a test of 10.5k

Comment

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It's possible we could see a bounce right now... however I think the market wants to see much lower.
Trend AnalysisChart PatternsBTCUSDcyrptocurrencyBitcoin (Cryptocurrency)BTC
Comments
ABear
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Following all this closely today as I plan on pulling some triggers. Lots of diff TA's im watching but I thank you for this very clean can concise looking chart and bullet points;)
samwalker_
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@ABear, definitely an exciting time right now. I have my buy orders set for 9.5k and below, if it reaches that I don’t know and thank you! :)
ABear
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@samwalker_, our damn buy orders are still sitting there as BTC can't make up its mind which way to go:)
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