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Rachel_T
Aug 23, 2018 9:31 AM

Very Grim Indeed Short

Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX

Description

50ma Rejection, Top/Bottom Divergence Indicator has yet to achieve a bottom signal (cyan dot), looks very bearish in the short to mid term for sure, and long term looks very grim indeed. The problem with shorting is eventually you end up with a lot of worthless coins... trading this is getting less and less worthwhile.
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