BTCUSD - Short *****

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Seeing strong resistance at fib 0.618 rejected 4 times, bear flag formation, failing to break upwards will retest ema200 again around 7800-7900$ if breaches will seek next fib level (0.786) at 6322.28$.
Comment: If 0.618 is validated as a support equally strong as it was a resistance, it will open soon for a nice short term uptrend...Closely watching price action above 9129$ level

seeing bull pressure over MACD and RSI, 10500-10700 may be on sight

Watch Elliot waves for impulse signs
Trade closed: target reached: Closed, updating perspective over next idea.
Comment: Seems that upwards breach of fib 0.618 was fake, and that bear flag was true...

Going down to re-test 8200$ and 7800$...

0.786(6322.38$) Fib seems an attainable target now, got buy's spread all across it.
Comment: Everything happened as expected...fib 0.786 nice place to have buy's... :D
Can you please give us an update?
This may get interesting once 0.618 is validated as a support equally strong as it was a resistance...Closely watching price action above 9129$ level
@LeoGuimaraes, one thing to keep in mind is that we're overbought on numerous time frames
+1 Reply
Literally as you posted this it broke it.
+2 Reply
@RYANCAMPBELLSD, fake upwards brake...
@fakhan, again...resistance
fakhan LeoGuimaraes
@LeoGuimaraes, Yes, seems like it
And as I see on the chart bitstamp as well
Everytime it touch resist, resist is weaker, now on bittrex is broken, 9300$
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