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onemanatatime
Apr 5, 2014 2:54 PM

Ascending Triangle: Looking for breakout upwards for Short Entry Short

Bitcoin / U.S. dollarBitstamp

Description

Ascending Triangle. Looking for another breakout upwards for a Short Entry.

Overall market is still Bearish, although the turning point seems to be coming soon. $380-400 seems to be a really strong support for now, provided no new detrimental news comes up to change that.

Will be shorting from ~$470, and looking to close @ $420 down to $405.

How low can we go?
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