L33tspeak

BTC to retrace to $8,800

Short
L33tspeak Updated   
COINBASE:BTCUSD   Bitcoin
BTC is still trading in the channel. While it may look bullish on the day graph, it's going to retrace to $8,800 or the MA(200) around $7,200. Volume is decreasing and it looks unlikely to break out of the channel or the fib at $11,600
Comment:
Turns out I was right!

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