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Short

BTCUSD showing volume divergence (LOOKS BEARISH)

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Volume divergence means that while the price is rising, the volume is falling which shows a divergence in the trend. A sharp reversal has already occurred and I believe it will continue.
BTCUSD has dropped violently after the rally over the last 24 hours. The bears are clearly dumping heavily and it seems bearish IMO . I have constructed a possible trade here as I believe the price to drop much further here. This profit target is reasonably conservative, but I would recommend taking profits whenever you can. This take profit is not solid and so it is up to you to take a profit when you can. Do not wait for the target to hit as it may not reach.

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