KnightOliver

Bitcoin approaches four-hour death cross, downside likely

Short
BITSTAMP:BTCUSD   Bitcoin
After being rejected from the $11,200 level over the weekend, Bitcoin is looking fragile as the 200 EMA looks inceasingly likely to be crossed by the 50 EMA to the downside on the four hour chart. Downside targets remain at $9,150, $8,550 and $7,400.

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