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BTC/USD currency pair analysis

The general trend is descendant. The reverse wave model is forming — the ascendant wave structures are truncated. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions. The inclined channel of the ascendant structure is breached.

Trading idea:

Sell when the descendant wave structure forms.

Stop-loss: 20736.0.

Target levels: 19759.0; 19058.0.

Author: GC
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