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Chonky_
May 18, 2020 4:38 AM

BTC trap king Short

Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX

Description

BTC

Wicked above prior week's high. There are several reasons why that level was a good place for a trap.
I'm still bear biased; if last week's high continues to be protected it is sensible for BTC to drop to last week's low.

Below 8100 (my active short target), could be a place to flip short-term bullish for a bounce.
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