#Analysis: #BTC Update:
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#Analysis:
Update:
Psychological support level will be broken, Bollinger Bands contraction will lead to the sharp decline and price will move to the triangle again, Stoch RSI status supports this scenario. However it will be the last time because the price reached a right vertex of the triangle. Most likely that the price will break it upward again and there should be a huge volume increase which will bring the price up. So there are possibilities to short BTC.
Now we can see that the price follows this scenario Fib. 0.786 didn’t hold and price is going down. It seems like the price stuck at this level and slow growth will start after passing through triangle. Till this moment the price can again go into it.
All trades are very risky, especially Alt trades. We recommend you to use scalping swing trade strategy 5-10 minutes deals, positions longer are very risky.
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