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Blackreplica
Apr 6, 2018 4:10 AM

BTC/USD Bearish symmetrical triangle forming Short

Bitcoin / U.S. dollarBitstamp

Description

Short team bearish symmetrical triangle forming. Expecting approx 10-20% downside from this move hitting critical support level at 5.9-6K.

I have an earlier post about a medium term head and shoulder formation predicting a near term bottom at the same price

The overall long term trend continues to remain bearish
Comments
CapFive
CapFive
Been watching this play out with a short on BTC since $6820 :) very nice spot
Blackreplica
breakdown happening now as we speak
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