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Too High, Too Fast? A Bitcoin Cash Crash?

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Over 200% in a few weeks? We need a short plan!

A breakout from the support at $885 should bring a huge selloff where we can add short positions all the way down to the pivot support at $535. Be advised, there is a classic fibo support at $582 which can reverse the market pretty hard.

Here;s a closer look.

Cheers and GLWT!
-Erik

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It was a totally crazy bull flag! I'll post a short idea later on...although, judging by the comments, you guys are not interested in those ones.

トレード終了: 利益確定目標に到達

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Another totally crazy bull flag? lol

トレード終了: 利益確定目標に到達

1685$ HIT OMG WHEN DREAMS COME TRUE!
I'm taking a break now with BCH

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Hahahahaha.... when i sold last night I did not imagine this kind of scenario

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Some short targets:

The chart is so messy now that the price went so high

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Bring stops up to MIN TP $1153

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Ok, let's aim for MAX TP at $908. This is the bottom range of a classic support.

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Falling wedge reversal? :) We broke out of the major classic fibo resistance! Need the other chart to join us, tho.

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MIN TP hit! Then it fell apart... When dealing with these volatile things, particularly in a countercyclical trade context such as this, you hit your first targets and then break out trade after that.