TraderThierry

Bitcoin price rejection

Short
BITSTAMP:BTCUSD   Bitcoin
Previous resistance was broken on a pitchfork a couple of days ago, constantly dropping lower everyday. After a week, the price recovered and found resistance right on the previous support line, but after testing if for 3 days, could not get passed it. The price continues to reject lower and away from the pitchfork day after day. This could be the beginning of the short term bear run. (Natural Pullback)

This idea is only for educational purposes.
Thierry

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