TradingView
cyberkristiyan
Sep 10, 2017 2:16 PM

Bitcoin - deep correction Short

Bitcoin / EuroBitstamp

Description

Possible deep correction to either 68 Fibonacci Arc or 68 Fibonacci retracement. The idea assumes a price of 2000 or 2500 euros in two to four weeks.

Comment

Bitcoin touched the first support level at 2500 euros and is still in a downward trend. In 11 days it would either breakout or breakdown. More likely the latter. Retesting 2500 euros support without a doubt. Would gladly buy at about 2000 euros, too as falling that far down is possible depending on the news on mainstream media at the time.
More