Bitcoin is ready to go down. The price action looks really weak after BTCUSD faced strong rejection at a key trend line support turned resistance. This is a very good setup to look for short entries. Having said that, we need to wait for confirmation of a trend reversal before we do that. Previously, the price rallied 64% before it topped out. This time, it has rallied by more than double of that which means that it is also expected to decline much more aggressively.
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If you liked this idea, please give it a thumbs up and share it. Write your thoughts and comments down below. Follow for more. Good luck! :')