Bearish and Bullish targets

9 giu 2018

We are currently in an ascending triangle formation. Though this pattern can occasionally lead to a breakout, there is not much volume to confirm a continuation of an upwards trend. I have closed my long position and entered a short at 7625 with a stop set at 7689. With our current standing, I assume Btc will find support in the $7300 range and if that is broken our next support is $7200. If we fall past that expect a new low below 7055.

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