In my previous update I suggested going short BTC on break of 2307 level. It proved successful:
The sell-off halted @ the median line of Andrews' pitchfork. Nevertheless, I expect more weakness ahead as the short-term downtrend progresses towards 1929-1935 target and, possibly, below 1850.
Comment:
Price fell below $1850 and met its main target because this level represents the low of Wave 4 of previous impulse wave. I wouldn't be surprised to see some consolidation here.
