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XBTUSD: Bearish ascending triangle using elliot wave theory
XBTUSD.P
, 15
Short
XBTUSD.P: XBTUSD: Bearish ascending triangle using elliot wave theory
Updated 

Assumptions: 1. the large rejection a few days ago implies we are still in a bear market. 2. MACD being squeezed, so a move either way is imminent. 3. Bearish divergence on the E wave. 4. Bullish momentum has been weak in the past 2 days. 5. Target: the next support point.

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