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dennisdaiber
Nov 26, 2019 8:43 AM

short term bearish BTCUSD scenario 

Bitcoin / U.S. dollarBitstamp

Description

As of the time of writing, the bitcoin price is just touching on October 24th lows. It remains to be seen whether we can push through this resistance and subsequently approach the $7880 support. From there we could rest and trade sideways until we break the declining upper band of the triangle. Equally, if not more likely is it that the breakout is denied and we find ourselves tumbling towards $6000.
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