#Bitcoin rejected at 1.618 of this fib channel + top of BB $BTC Short
Bitcoin / U.S. dollarBitstamp
Description
⋅ The rejection level also happens to be cloud resistance on the weekly Ichimoku Cloud (chart to follow.)
Temporary support will likely be found on these channel trend lines all the way down.
- 30% correction takes the price to $6350
- 33% correction takes the price to $6100
- 40% correction takes the price to $5450