DragonFireTrade

BTC - Endanger of further Growth!Bull Trap!

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BITMEX:XBTUSD.P   Bitcoin
8 days consolidation Exposed Growth to the area of High resistance 9180$ Bitmex. Positive news from Soth Korea(legalization of cryptocurrency trading) has also been helpfull to this way up. As a result traders became more bullish.At the moment i see a real menace to fall dawn from the area of 9200-9400$. Invalidation (break out 9650$). In the graph i illustrated a possible H&S with the trigger line of 8390$ which might take us to 8000-7800$ for 1 BTC. Thats why i urge you to be extra Cautious. I wish you pleasant and profitable Trades).





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