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DrDarvas

BTC breaks below support

Short
Bitcoin (BITMEX:XBTUSD.P)  
DrDarvas Updated   
BITMEX:XBTUSD.P   Bitcoin
Trend Analysis Chart Patterns
10
0
trendanalysis chartpattern
Currently, BTC is in the corrective wave (3600-7400) and forms a channel.
After 1 month, BTC breaks below support. Price movements are a result of channel breakouts so we get a sell signal.
Entry: $ 6960
Tp1: $ 5530
Tp2: $ 5070
Tp3: $ 4500
Stoploss: $ 7480
R: R = 2.75 (Tp1)
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