BTC: still in downtrend

Bitcoin / DollarBitfinex

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⋅ Aug 11, 2018 12:53 AM

Don't jump in too early. Watch our for a higher timeframes like 1d, 3d, 1w. Not sure about next stop. I think about two possible scenarios: touching lower trendline for 5300 and bounce up, or spike down up to ~4800 and then reversal.