On Sunday the fist of September we published a post here stating we were bearish on Bitcoin for the short term and calling for a break of the 10,000 mark. Presently, our bearish trade is still playing out nicely, 10,000 is broken. Our take profit is at 9,500. We expect a strong recovery of price when this region is reached (the fall will be quick and the recovery lightening fast also as there are many buy orders waiting to be filled at these levels). Presently, a falling wedge pattern has formed and this is a very bullish sign. After a little slight dip in the price we will be looking for an opportunity to go long.
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