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rooki3
21. Mai 2016 07:04

triangles 4 ever Short

Bitcoin / DollarBitfinex

Beschreibung

We broke down ascending triangle which happens sometimes. Maximum down target according to Bulkowski`s measure rule for ascending triangles down breakout in bull market is 360$ [ B-((H-L)*68%) ] but we can hard bounce off previous triangle arm especially around 400$ which is strong psych barrier. If we go back to triangle within days the above is just cancelled. Happy tarding
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