USDBTC - Short *****

Feb 3, 2018

Fib 0.618 breached, once strong resistance, now has potential for strong support, next target 10k resistance level.

RSI oversold, MACD strong buying pressure, still room to reach the top from PPO perspective.

Feb 3, 2018

Trade active

Supported tested and standing to bear attacks, 9129.55 holding on...

Feb 3, 2018

Note

support breached after bearish divergence on 15min chart, if goes below 9k likely to be true breach...

Feb 4, 2018

Trade closed: stop reached

Currently re-testing and breaching previous supports, next @ 8260.24$, loosing it will clear the road to re-test 7800$

However this maybe delayed by very oversold RSI, although selling pressure remains high over MACD.

Short term PPO shows we have reached a "top"over past 45, mins which is a bearish signal....

Next support maybe tested really soon...

Feb 5, 2018

Note

Everything happened as expected...fib 0.786 nice place to have buy's... :D