Bitcoin XBTUSD Short Targets

Sep 24, 2019

TP 1 is around 8500 on Kraken, where fibs and 200 day MA intersect. I could see a bounce back to previous support of the triangle in the low 9s or high 8s, and then a move towards the fibs I have marked in the mid through to low 7s.

Prior to full breakdown of the triangle I could see a rise up to 10200 area to make bears sweat, even seeing a false pump up to 10.5 or 10.7 for stops.