SpocksBrain

Looks tired

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BITFINEX:BTCUSD   Bitcoin
4
Even though I dont like to short bitcoin, this seems like a place where it should be considered. The breakout from the cup line seems to have been rejected at 1300 and seems to be a false break. Volume is declining and OBV is pointed down. A consolidation in the handle would allow BTC to build up some pressure to take out 1300 and continue upward. This rejection candle is more bullish than the rest, but I attribute that to a bull trap after the ETF announcement.

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