FXHighway

Bitcoin heads for more bearish targets

Short
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
382 views
4
Target: 85.00
Risk: 340.00

Technical Reasons:

More negative trading after confirming breaking 76.4% Fibonacci level, and now pushing on 200.00$ barrier.

Descending channel supports more decline, and continuous negative pressure from the exponential moving average 50.

Negative signal from stochastic , and targets that reach the low areas recorded at 85.00.



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