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AdamHong
Nov 15, 2016 6:39 AM

BTCUSD:Short Again Short

Bitcoin / U.S. dollarBitstamp

Description

It is a good opportunity to short BTCUSD and reasons are as follows:
1.the 0.618RET of previous decline is at 718 level;
2.the 1.618EXT of previous rise is at 715 level;
3.the potential AB=CD is completing at 716 level;
4.the previous structure also works at this zone.
So short positions could be opened at 712-718 levels when price action is good at the PRZ.
SL:above 725
TP1:700
TP2:690 and further more

Trade active

Trade closed: stop reached

Comments
Hifzi
great scenario, but chineese market always trying to pump, iknow that there just fake volume, but some how they get affected by chinese exchange
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