BTCMarket

Short Term Trade Idea

BITFINEX:BTCUSD   Bitcoin / Dollar
203 0 3
Price looks potentially set to retest the low of $236 and the 1hr 200ma. If we fail to break this area and begin moving to the upside I would be setting my sights on the 78.6% at $243.06. If however we break below the hourly 200ma I would be looking to short this for a first target at $232. The 78.6% is still in sight if we hold the 61.8% and break to the upside from here.

Good Luck
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