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tradepsych
Aug 17, 2023 8:28 PM

Bitcoin breaks below trend line with declining volume.  Short

Bitcoin / United States DollarCoinbase

Description

Bitcoin has been trending down in volume over the past few weeks.

There’s been a price and volume divergence.

Bitcoin just broke below, the trend line on the daily, which was expected on the declining volume.

For now, the shorts are in charge until something changes.

COINBASE:BTCUSD

Trade closed: target reached

Another win.
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