KenzoCapital

BTC/USD Short Position at 11,7k$ Multi year Support & Res

Short
KenzoCapital Updated   
BITSTAMP:BTCUSD   Bitcoin
Bitcoin has topped out at 11,7k$ from the multi-year Support and Resistance

If bitcoin can handle this daily candle close above 11,7k$.
We might see the new resistance at around 13-14k$ (Watch out these level too)

Bitcoin Still bullish unless drop below 6k$ we might see couple months of bear season. This is the corrections of Elliot-Wave from Wave 3 to Wave 4 before massive bullrun and making a new ATH levels.

*DISCLAIMER ON
Comment:
$ 8,500 Will be the Take profit area.

Consider to make it higher because there will be Huge Demand in psychology levels.
Comment:
$ 9,500 (TYPO)
Comment:
Hit the first dump at 0.236 Fibonacci Level.

From 11,7$ to 10,8$ = 7,69% with no leverage.
Comment:
The lowest so far from the positions is 9875.

Patience is the key
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