cherif100

btc to 5500$ ?

Short
cherif100 Updated   
BITFINEX:BTCUSD   Bitcoin
btc is moving in a small channel after dumping hard to 6k

now after this small correction we can see another dump to 5.5k

do not forget to use stop loss at 7k if you are shorting

Comment:
there is a solid resistance at 6250$

this maybe a head and shoulders pattern IF BTC DO NOT BREAK 6K

BUT we are in a downtrend so our idea will be bearish and the wave will continue IF BTC DO NOT BREAK 6250$

continue watching the market until 6250$ broken or target achieve at 5500$

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