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Why I did it? First of all the risk to reward was even more than 1 : 4 and I saw the difficulties for the further growth (according to volume
Here is the another one "just for fun" BTC analysis, because there are no any particular signals.
Bitcoin is in the boring consolidation last couple of days, but it can give us the sufficient piece of information what is going to be next.
Today I wanna show you the scenario which bring us a lot of profit according to my strategy.
Let's take a look at this candle with the long wick. For me it is obviously was the way to liquidate the margin positions of the short traders.
The price choose the scenario in which BTC re-entered above the support line. Thus yesterday's breakdown was fake.
We can see the potential bearish divergence with MACD, moreover this signal is going to be flashed next to Fibonacci golden pocket.
What is next for the Bitcoin? I am still waiting for the drop. The bearish divergence is here on many timeframes and indicators.
I suppose we can see another breakout attempt and if we will see the bearish divergence with the MACD on the 4h timeframe

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