If you shorted at my earlier trade idea at 680, now would be a time to take some profits (there are signals that the selloff is starting to accelerate into a capitulation). However I do expect the price to fall further, breaking the white support line to test the long term green support line.
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Expecting intra day retracement to ~630 level before continuing downfall
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I recommend closing shorts here. I do expect the price to fall briefly sub 500 from the selling pressure in Bitcoin which I still maintain a short view on.
