dbnation211

Fool me once, shame on you. Fool me twice...

Short
BITFINEX:BTCUSD   Bitcoin
Potentially repeating the same type of ascending wedge we saw when we first hit the 6k range. Plus, bulls appear to be losing steam. Low 8's/high 7's approaching. I HIGHLY doubt we break back into the descending pattern, but I think this hyper bullish attitude might bite some people like it did the first time we hit 6k. Heavy resistance on my red line and if we break that 11.2k is in play (as the ascending wedge will still be there), but I think we're going to get rejected and go down to roughly 8k.

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