Short rally up to $2300 - $2400USD

BTCUSD fell to the 1926USD limit as I described in my earlier posts. It has started a new FIB wave and consequently I expect over the next few days it will pull back up to around 2300 - 2400USD before it continues the fall to the weekly support level around $1355. It may even extend down as far as $1235.

Comment:

BTCUSD hit $2374USD which is approx where I was expecting. I am now expecting BTCUSD will hang around this mark moving sideways for the next couple of days until it touches the orange downward trendline at which point we will see that BTCUSD will begin it descend to 1355USD and as I mentioned previously possibly as low as 1235USD.

Before BTCUSD gets to the 1235 - 1355USD target, I expect it will bounce at 1570 and the retest the 1830 which will become a level of resistance.