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MarketAnalyzer98
Nov 30, 2018 9:31 PM

BTC Short areas 3900-4100, stop loss 4250 Short

Bitcoin / US Dollar IndexBitMEX

Description

Hard rejection from resistance area of downtrend channel, and overbought RSI using period length of 2, and a spinning top candlestick indicating trend indecision. Mid term target is 2.6-3.3k in 1-2 weeks. Market is still not yet totally capitulated and we can definitely bleed more.Institutions want to accumulate bitcoin at 1-3k before a hyper bull run begins
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