PolarHusk

BTC/USD (Short Term Downtrend?)

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
BTC /USD

-After the ascending triangle pattern broke out
-The price hits the 12k key resistance including the CME gap before 12k
-Bitcoin drops and now trading below the upward trendline of support
-This is not good in the short term
-We can also see a strong sell volume during the blow-off top
-The key area I'm watching right now is the 10.3k-10.1k range
-Only if BTC will continue dropping and confirm this mini bear flag
-Trade wisely, don't over leverage as the volatility is back
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Comments

looks good. let's see what happens!
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hi.
CME was close and i don't think that cover the gap!
we must to wait to open CME and watch again......
Reply
PolarHusk mehrdadhamrang
@mehrdadhamrang, ok, let us see :))
Reply
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