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Bitcoin
Short

Time for BTC retrace?

By Yoshi14
Updated
BTC bull run losing momentum here just below the 10k psychological barrier. Important to watch reactions to the 150 EMA and the cyan trendline from mid-April being tested right now. Targets if trendline and EMA break down is 7900, 7800, 7600.
Note
snapshot EMA and trendline holding on that test. Lets see how strong the bounce is.
Trade active
snapshot
Trandline and EMA break. First target 7900
Trade active
Retest of EMA as Resistance, check. Only a matter of time before we see a test of 8500 area. snapshot
Trade active
snapshot
We just saw a break up out of a falling wedge pattern which produced a nice spike up. Key area of resistance to watch at 9300.
Trade closed: stop reached
BTCUSDTrend Analysis
Yoshi14

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