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Sive-Morten
Aug 6, 2020 8:49 AM

Bearish trade should be cancelled by far 

Bitcoin / United States DollarCoinbase

Description

Morning folks,

Our previous setup is based on reversal daily session and we've suggested appearing of "222" Sell pattern on 4H chart. Now this pattern stands in place. But yesterday BTC has formed bullish grabber pattern that suggests upside action above the top. In current circumstances, our "222" could give us just minimal target of 30% downside retracement and now it would be better to not count on drop to 10.2K area in a shape of downside AB-CD pattern. Thus, either focus on just minor target or better to not follow bearish setup at all.
Comments
Janewallace221
Great idea
Tulip06
Great idea
MartyBoots
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MartyBoots
good idea
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