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ahmed.abrar007
Jan 23, 2018 6:42 PM

BTCUSD short with repeating pattern target 8.3k$ Short

Bitcoin / U.S. dollarBitstamp

Description

BTCUSD 4hrs TF chart , I see continuation of downtrend with repeating pattern. expecting similar drop to 8-8.5k.

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support still holding

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On support, break below 10700 with confirmation will lead us to big drop.

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Support broke (4hr long term uptrendline) we are on track to short.

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Here are some minor supports/minor targets

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With reference to above chart T1 , T2 reached.

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very tight fight between bulls and bears now

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looks like support broke, next support at 9300-9000

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Weekly 150ma at 9150, can give a support for few hours. before next dip.

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Target 9300-9000 reached.

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target and major support almost reaching ://

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Trade closed: target reached

Target reached. Next target 7400-7600.

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New BTCUSD idea here
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ahmed.abrar007
earlier related idea
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