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Matt3Franc3

Bitcoin soon down to 1900/2500 usd

Short
SPDR S&P 500 ETF TRUST (AMEX:SPY)  
Matt3Franc3 Updated   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis BTCUSD sp500index
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trendanalysis btcusd sp500index
It looks like Bitcoin is copying the SP500 chart. Following the patterns it seems that Bitcoin is close to the capitulation. The first rebound could take place at 3800 usd. The minimum could be 1900 or 2500 dollars. In doing so the price would go to retest the falling wedge of 2018 and then quickly go up again towards the $ 16,000.

Short entry: 9300 usd
Take profit: 1950/2550 usd

This is my personal opinion and this is not a financial advice! Good trading!
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Bitcoin rebounded as expected on $ 3800, now I'm LONG up to $ 8000, after that I'll be SHORT down to target 3. Soon I will post an update on the charts.
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