The decline is continued

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
After reaching the mark of 10.000 we see a series of falling vertices.

Later, our price went up to the mark of 8.000, and at the weekend it was adjusted from it to 8.500. Watching the further movement of the pair and considering the price levels, we assume that further price advancement will continue. Therefore, in case of consolidation under our current level, near which the price is, the pair will move on to the next level.

The next levels for the price are near the marks 7.500 and 6.800, which are expected to move in case of overcoming the mark 8.000. Therefore, we recommend taking short positions. SL and TP should be set near the resistance levels.
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