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PeacefulWarrior
Nov 18, 2018 1:36 PM

BITCOIN : where to look? Short

Bitcoin / U.S. dollarBitstamp

Description

BTCUSD
It can be assumed that it will move within the limits of the drawn triangle until the next descending downward. The important level that expects to touch also by Indicator signal - 5800$ (Bitstamp, Bitmex) & 5900$ (Bitfinex, Binance). Have great formation of the falling wedge and likely BTC will touch the support line of it.
Important targets for short :
5050$
4650$
4105$

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Don't forget to like the idea, good luck!
Thanks for attention.

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See at this idea

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Trade active

Trade active

reached 127%Fibonacci(one of the magic level) ~ 5050$

Trade closed: target reached

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Comments
CryptoFido
PeacefulWarrior
CopyPasteProfit
Great work. I've also updated my thoughts. Patterns are meant to be broken and this trend line won't hold.
PeacefulWarrior
PeacefulWarrior
@CopyPasteProfit, let's see how it all happens)
Crypto-Coin-Trader
I think we will see 3.000 USD again, but in Q1 of 2019

PeacefulWarrior
Boon2
BTCUSD M15 expanding flat, More downside to come.
PeacefulWarrior
@Boon2, yes, good analysis
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