btc from .618 / local valley

OKCOIN:BTCUSDIDX   Bitcoin / Dollar Price Index
looking for a snap down if ema rejection pattern holds....
Trade active: TP 1 ≈ 6950
Trade closed: stop reached: lots shorts good r/r... range high ≈ 7770... 7250 - 7420 bear trapped... big move incoming prob not bullish... bias will hold, GL
Comment: don't think we're rejecting these ranges for not.... thought .618 turn was capitulation but a few more short squeezes i guess...
Comment: if the next move is as big as i think it'd be wise to put more capital into major breakout targets/resistance... most likely up to 7.6 by Jan 2... then sustained downward PA (or what my previous posts have been targeting; disregard 8.8 for now)


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