Bitcoin
Short

BITCOIN (BTCUSD): Bearish Pin Bar

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BITCOIN (BTCUSD) – Cash

(WARNING ON CRYPTO: TRADING BITCOIN AND CRYPTO IS HIGH RISK, CONSIDER A REDUCED POSITION SIZE AND LOWER LEVERAGE UNTIL YOU ARE FAMILIAR WITH THESE MARKETS).

Price Action: Price formed a Bearish Pin Bar Signal just under the $25339 key resistance level, earlier this week.

The Bearish Pin Bar Signal that had formed on Sunday, August 14th has failed (We did not consider trading this signal, nor did we mention it).

The Bearish Pin Bar Signal that had formed on Thursday, August 11th has failed (We did not consider trading this signal and hopefully saved some members on this market).

Idea: We are considering selling on a retracement higher whilst price remains below the most recent Bearish Pin Bar Signal that had formed just under the $25339 key resistance level, earlier this week.

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