Bitcoin market update

weslad Premium Updated   
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar

Looking closely on market, it shows a typical bearish rising wedge breaking down and price been aiming for a potential re-test before further drop.

The market priority right now seems to be favoring short as likely wave cycle seems completed after price got rejected towards 12,500$.

This is my plan, Re-shorting from 11k-11k5 area with tight stop loss(Moreover I will exit my short if setup break upside unexpected)

We should focus more on our immediate support 9700-10000$ any break below it will activate massive drop which should lead us towards shorter immediate targets.
Trade active:
Trade closed: target reached

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