Double-Edge-Trader

BTC 10% Dump using Fib levels

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BITSTAMP:BTCUSD   比特幣
We have had some strong selling moves this weekend which could mean a potential Reversal or at least some significant Profit taking. The fib levels do retrace to an approximate 10% gain to the short side. The SL is very aggressive and maybe taken out over night (standard BTC manipulation) Therefore I have left my stop open and not overly leveraged so not too much of a concern!
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Managed a few quick trades off this analysis. Crypto currently too bullish for countertrend swings. Will stick to scalps until reversal confirmation (he says)
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