Short from 398 (update4)

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
54 0 1
The final leg of this bearish downturn could commence upon the fulfillment of this bearish pennant . Next drop in about an hour (unless the whales decide to take us sideways for way too long again).

When taking a look at the 4 hour chart, you can see that the bearish downtrend is still occurring based on base/conversion line cross / lead1 and lead 2 bearish cross.

Target still 375. If 375 is broken, we could see 320 or lower.
Trade closed manually: Potential inverse head and shoulders pattern on chart. Think this bear run has lost momentum. Took 1.15% P/L.
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