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Short BTC on retracement before another leg down
It's been awhile, but I am going to try a trade oout on BTC.
The idea is lower lows and 8-41 EMA cross down signifies bearish trend. 3 red candles have already taken us down $50 and a little re-tracement is expected before another leg will follow. My short area (horizontal lines) I made from top/bottom wicks of previous candles.
Wish me luck!
The idea is lower lows and 8-41 EMA cross down signifies bearish trend. 3 red candles have already taken us down $50 and a little re-tracement is expected before another leg will follow. My short area (horizontal lines) I made from top/bottom wicks of previous candles.
Wish me luck!
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