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nelsyboy
Apr 4, 2023 10:16 PM

BTCUSD Possible Path Short

Bitcoin / U.S. dollarBitstamp

Description

The momentum indicator is showing major divergence and is well below the 14MA although not quite negative. The trend channels drawn so a small break and a small bounce back up to touch. The next move could well be down. This is an idea using the momentum indicator and 5EMA and 11SMA that I wanted to share. I do not trade BTCUSD.
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