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As you might know, we had short position as entry at $10,900.
We are moving out stop to trailing at $10,540
Our first target is sitting at $9,900, second target is around $9,000. Final target is at $7,200.
Potential reversal zone for buyers is sitting between $10,000 and $9,000.
Potential reversal zone for sellers is sitting between $11,133 and $10,752
If we break $9,000 - I can see a volatile move towards $7,200 which is the %61.8 fibonacci retracement level. It is probably your best interest to wait for the Daily Candle closed. I will make sure to update tomorrow's daily trend here as well SO SMASH THAT LIKE BUTTON TO GET NOTIFIED WHEN I DO Thanks for the support Megalodons. I appreciate you all! Let me know what you think about Bitcoin :) and don't forget to drop a COMMENT if you enjoyed the video. ~Bo Megalodon Trading Enlightening the modern investors
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Trend Caller Closed with a Bullish Signal for today's bar!
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If the 4 hour chart closes like this, this M formation will be confirmed. The next target would be below 9k levels for the Bears. I think it would be in everybody's best interest to let this play out.
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We are taking profits around $10,130 level (2.53%), and also moving our stops to our initial entry at $9,878! If we can break above $10,155, the swing trade will be on with final target at 10,412 and stops around $10,042.