It's taking too long for bitcoin to continue uptrend after such a strong bullish bounce. Sentiment is bullish
Trade active
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After seeing a bull div on RSI/MACD @ 6hr chart and a couple of stop being ran I no longer think we will go that low anymore. Trade active now at 7850.
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*8750
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Closed the formed position with a small loss. Averaged in @ 8.300 Still confident that this is going to play out. Sentiment is bearish just as expected. Sell pressure is on declining volume
Trade closed: stop reached
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The top line of this falling wedge did not act as a support. Market structure is looking bearish on HTF now that we made a lower low. Last chance for bulls is holding the lower support (dashed trend line)