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Bitcoin
Short

BTCUSD 12 Hour Sell Set up

By Happymfr
Low risk high reward set up. Sell on the Superichi cloud touch using the 12 hour chart. Use the top of the cloud as your stop loss. Bitcoin has been in a down trend for months. Go with the flow. I am thinking we will see a quick move up to around 40-41k to stop out current shorts and to trap longs. Then a fast decent to around 31-32k. A bounce then sell off to 25k after roughly 2-8 weeks. Risk reward ratio is %7 risk for 20-40% gains. Will stay in trade util targets reached, stopped out, or price does not break and stay below 31k Not financial advice. This is my fist published idea feel free to leave constructive feed back or even a smart ass remark.
Trend Analysis
Happymfr

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