BTCUSD | Strong Downtrend Into Nice Correction -> Short

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Market Structure:
- Regression-Channel Downwards
- At Trendline-Resistance
- At Resistance-Zone
- At Next Months Pivot Sellzone

-> Wait for price to stabilize after this big move upwards today. Then short if it still didn't break trendline and resistance zone .

Everything speaks for a heavy monthly bearish entrance.

The pivots are pretty tight, because price didn't move much this month. That's why the target this time should be next months M0 ($ 6437) or S2 ($ 6719).
Expect to hit these targets until the 3rd week of november.


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