AdamHong

BTCUSD: The 0.618RET and the Supply Zone

Short
AdamHong Updated   
BITSTAMP:BTCUSD   Bitcoin
The market has broken out the neckline of the short-term double top and is pulling it back now.
A good short place is at the 0.618RET where the Supply Zone works.
So it is good to sell at 2273-2350 levels when price action gives signals in the PRZ.
SL: above 2470
TP1: 2000
TP2: 1850
TP3: 1638 and further more
Trade active
Comment:
The market pulled back,very good.
Trade closed: stop reached

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