dramadon

Short Bitcoin Using Price Action

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BITSTAMP:BTCUSD   Bitcoin
A huge drop in price on bitcoin has me thinking that price could possibly continue this downward trend. Since price has broken below a 4 hour zone when looking at the one hour time frame, we could see price retest that zone and continue its momentum downwards. I do see a railroad track candlestick possibly forming on the one hour and price technically hasn't closed below support on the 4 hour time frame so a sell setup may not be the best. At least not just yet.

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