BTCUSD Forecast: Shorts Favored

Update: Trade is active

This is a hypothetical trade.
However, Technically, a trend following trade looks imminent.

• The overall trend remains bearish
  
• The retraced towards the main falling trend line
  
• and 50 percent of the latest bearish wave
  
• Another key horizontal high is at 310.00.
  
• RSI near overbought
  

Having that said, odds favor a short position.

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