markrivest

Next Decline Has Probably Begun

Short
FOREXCOM:BTCUSD   Bitcoin
The resistance target zone illustrated in my prior BTCUSD post has been reached and a new decline is underway.
Watch for a daily Stochastic bearish crossover for additional bearish evidence.
Minimum downside support is at the wave (1) bottom. A break of this support could open the door for a much larger decline.

Mark

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