BTC/USD Short Idea

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BTC/USD has history of respecting 50% fib retracement prior to turning direction. Price is also rejecting this area around 7,800, which would confirm a 50% fib retracement. Bearish activity would complete right shoulder of head and shoulders pattern. On the day chart BTC/USD is exhibiting pattern of a descending triangle. For educational and study purpose only.
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Bitcoin (Cryptocurrency)bitcoinforecastBTCUSDCandlestick AnalysisFibonacciHead and Shoulders

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