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Trend will break downwards

Short
Bitcoin (BITSTAMP:BTCUSD)  
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BITSTAMP:BTCUSD   Bitcoin
Pennant trend BTC USD
8
2
pennant trend btc usd
BTC has been in a sideways trend for most of the weekend since the PBOC announcement.

Since the retracement hasn't broken the 23.6% fib, it is assumed the the breakout will be downwards
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