J_R

Another BTC short to fully retrace to trend

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BITSTAMP:BTCUSD   Bitcoin
BTC has still not fully retraced to its long-term trend line, leading me to believe it's still got a little room to drop before we break upward out of its descent. I don't expect to see a breakout this run as it's failed a few times now and the volume just isn't there. Expecting a short term drop to $6,100 before it retests the upper edge of the descending line once more.

Not trade advice, just estimations.
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