TradingView
pbeary
Jan 12, 2018 3:30 AM

BTCUSD possible drop to $9000 Short

Bitcoin / DollarBitfinex

Description

BTC is trying to break out of the symmetrical triangle into a descending triangle.
Based on 1.618 fibonacci extension from the last peak, price will go down to ~$9000 where there is strong support.
If it bounces to $15,000, then we may drop down to ~$10,500.
More