See notes in Chart for explanation. The more confirmation you have, the better the trade accuracy, do your own analysis.
Trade closed: target reached:
Target achieved. We get a bounced off support back to the new resistance old support. Watch for downward retracement of 50-62% and Buy. Maybe we can see the top of the green trend line. BTW BTC stopped dead in its tracks on the bottom green trend line that originates all the way to June '16. Very strong because it met with major support. (Sorry about my Stock shares getting in the way, couldn't edit.)