DSG129

BTC Short

Short
BITFINEX:BTCUSD   Bitcoin
No RSI divergence, low volume. BTC does not have the strength to go up. Long term picture is Bearish. MACD has divergence on 1hr along with crossover, but so far not enough evidence to suggest a reversal of any type. Price is nearing support zone. Given the evidence, continued decline is to be expected, an 0.8% loss 3-1 R/R makes this trade a no brainer.
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