Zedro

BTCUSD Sell Position

Short
Zedro Updated   
BITSTAMP:BTCUSD   Bitcoin
Short position off of the 200MA and 0.618 fib levels (4h). RSI overbought on this timeframe as well:

Entry: 4160
Stop Loss: 4320
Take Profit: 3775

Good luck!
Comment:
Revised target to 200Ma on the 1hour chart (also 0.5 fib an area of previous S&R.

New target: 3,890

Trade closed: stop reached:
Good job bulls. Bad job me.

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