Breadyang

06/27/20 Bitcoin analysis

Short
BITFINEX:BTCUSD   Bitcoin

Bitcoin is resisting the main downward trend. (green circle)

The main decline is expected to fall after failing to break through the downward trend.

In the short term, we recommend the short position near the resistance stand as we are judging that we are forming a semetric triangle pattern.

The expected target is a black line drawn on the chart.

If the semetric pattern deviates from the top, it may rise near the main register.

BTCUSD
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