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Sive-Morten
Aug 3, 2020 8:53 AM

Deeper retracement should follow 

Bitcoin / United States DollarCoinbase

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Morning folks,

Last week BTC has met first major target on daily chart. As it stands overbought and formed reversal bar, we expect that deeper retracement should happen, at least to 10K area. Probably it will be in a way of downside AB-CD (H&S) pattern. It means that today some minor upward pullback is possible, on lower time frame it could be "222" Sell pattern, somewhere to 11.3-11.5 and then downside action has good chances to happen, at least to 10K support.
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