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luismromerog
Jan 12, 2017 2:35 AM

Possible bearish target in BTCUSD 

Bitcoin / U.S. dollarBitstamp

Description

In the last 4 years, Bitcoin has presented three main fast maximum levels followed by fast bearish movements.
There in the chart are 3 ABCD movements illustrating this idea, so that is why I am thinking the fourth is possible with a bearish target of 600 (above 0.618 Fib. retracement level for the last two years movement).

Comment

Trade closed: stop reached

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