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thor08
Aug 31, 2017 10:30 AM

Sell set up almost ready ! Short

BITSTAMP:BTCUSD1D
Bitcoin / U.S. dollarBitstamp

Description

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Sell when the first red candle get formed !
I suspect a huge correction is at our very gates.
Probably the strongest demand price is at 5000, but the price action is already very tired.
+ Weekly chart shows me a HUGE bearish divergence on formation.

Good luck ! :)

Trade closed: target reached

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Nice, structure holds ! :)
FibonacciTechnical Indicators
Comments
mgrzegorzak
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Congratz, so did you close it at 3700, or still in?
DrGonzo87
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Price looks like a big rising wedge right now, it does look like a breakdown scenario. $5000 is possible however.
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