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Aug 2, 2018 10:10 PM

Consolidation = Small Pump / Bullish Trendline Broken = Big Dump 

Bitcoin / United States DollarCoinbase

Description

(Noob trader here with my first analysis)

If BTC consolidates above the descending daily triangle, then I believe that we are likely to see another small pump to retest 8300 (which I think will fail).

If BTC breaks the bullish support line, then I think another massive dump to the 5600 support will occur.

-I think this is the most likely scenario to occur since the past several daily candles have been bearish.
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