BitcoinShort
Bitcoin - Trade idea for further correction
Updated
Weekly chart
Correction to above 61.8% Fibonacci retracement
Formed shooting star candle
Positive week presents selling opportunity
Daily chart
Impulsive move higher to 13880
Common corrective sequence ABC
Sell into rally near 12250-12500
Stop at 14000
Target 1: 8000
Target 2: 7232
Correction to above 61.8% Fibonacci retracement
Formed shooting star candle
Positive week presents selling opportunity
Daily chart
Impulsive move higher to 13880
Common corrective sequence ABC
Sell into rally near 12250-12500
Stop at 14000
Target 1: 8000
Target 2: 7232
Trade active
B corrective wave a little higher than expected but rejected and moving lower nicely.C target now comes in at 9000
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