Igor-Silva

Bitcoin Update#15 - Greatness its never achieved alone!

Igor-Silva Updated   
BITSTAMP:BTCUSD   Bitcoin
Hi, today we are going to talk about Bitcoin and its current landscape.

As mentioned in our previous update, when Bitcoin broke the Gann support, the price declined sharply, that BTC it's currently testing as resistance. Following the Law of Technical Analysis, that broken supports must be tested as resistances.
At the chart, it's highlighted the targets for whatever the outcome of this movement. The chosen tool for a more precisely short term exit was Fibonacci.

Thank you for reading and leave your comments if you like
Trade closed: target reached

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