ShaheenFahmy

Bitcoin testing key support level

Short
COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin is currently moving within a key support/resistance level.

It's very likely that 7800 $ is going to fail as a support, forcing Bitcoin towards the next key zone, which would be around 7150$-6900$ ( 0.786 Retracement + Trendline from March 2k17).

Stoch RSI indicates further downwards momentum.

If the afore mentioned support fails yet again, it's likely that Bitcoin is going to test 5.800$.




Comment: Bitcoin falling towards 7k$ for sure now.

Comment: We're touching the trendline. A daily close below this one would be a huge shorting signal

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