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CryptoSpaceMy

BTC forming a M pattern in 4 hourly timeframe

Short
Bitcoin / TetherUS (BINANCE:BTCUSDT)  
CryptoSpaceMy Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
Trend Analysis Chart Patterns Technical Indicators BTCUSD
0
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trendanalysis chartpattern indicator btcusd
BTC is rejected from its $59.5k resistance and rejected from it forming a bearish M pattern which will bring BTC price back to around $57k if it fail to hold .618 fib level($58k).
The more the retest of support the higher chances it will break its support.
Comment:
To invalidate the potential M pattern, BTC simply need to form a higher high at $59.51k.
Trade closed: target reached
Comment:
Congratulations to those trader who short Bitcoin on my signal, you are in a profitable trade!
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