fibonacciaustrian

Danger: BTC update

Short
BITMEX:XBTUSD.P   Bitcoin
As stated 6600, it was the target and it arrived. Actually touched $6615.

The downtrend is on its way.

ManyAlts have already begun to sell off.

Short Term:
We have already crossed the auto generated $6442 support line as per script and will be heading towards the $6225 to test for support.

Daily:
We are continuing along inside of the descending triangle, with today being a bearish engulfment so far, which if it closes that way will drive us back towards $6200 to $6100 range.

If you opened longs, you may currently be on the wrong side of trade.

All likes, shares, comments, follows are appreciated.

Happy Trading,
FIBAUS


Comment:
Nice little change in direction heading back to $6442
Comment:
Here it comes!!!!!

Eat, Sleep, trade
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