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BTCUSD Price Analysis - Smart Money Manipulation

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BITSTAMP:BTCUSD   Bitcoin
Hi all. I mentioned yesterday how smart money manipulates the market at certain areas. This is one of those areas where manipulation happens crazily. Tons of BTC coins are bought then dumped!!!

Many thought the price is going to rocket up from here but our descending triangle had been broken. That is a powerful signal. Price was pushed up to lure many short-term buyers in going long. It was all manipulation.

We remain BEARISH in the short-term!!! :-)

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