TheTradingRoom

BTC bear breakout to the lower equilibrium limit

Short
COINBASE:BTCUSD   Bitcoin
BTC has been trailing off for a while now in conjunction with the equilibrium range.

We are expecting a corrective to the yellow zone above and are anticipating a continuation down to the larger more significant yellow zone below which acts as an approximate target.

BTC can be extremely volatile with large swings so please be aware of this before trading. The technical setup however looks superb so if it does indeed provide the setup, the rest of the plan looks good to take.

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