CalicoNeko
Short

BTCUSD - Shortside from Swing High, Facing Strong Resistance

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Daily Camarilla pivots confirmed that S1 support is now a strong resistance level , confirmed from swing high and bearing engulfing from weekly candle. Target for short is a test of ~7000.
that last candle n your chart looks like a reversal, no? then it would suggest up
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@jamikr, several retests of S3 pivot which generally a good support touches have never result in violent moves to the upside to make higher highs from previous leg (that took us to 10.8k) -- without this, tapping S3 this support creates further weakness until breach. I expect S3 to break down on the next touch, with target down to S4.
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jamikr CalicoNeko
@CalicoNeko, interesting!
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@jamikr, sorry I meant to 11.8k not 10.8k
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