Jlucas02

Bitcoin targeting 15700 and below

Short
Jlucas02 Updated   
BITSTAMP:BTCUSD   Bitcoin
Bitcoin recently broke to the upside for a retest of the key support area of 18500-19000 and received a swift rejection. This area also coincides with my 50 (blue) and 100 (red) day EMAs as well which serve as moving resistances on our way down. Below current prices - 16400 is a key area of support that once broken could open the door to 15700 and targets below.

Good luck!
Comment:
Sitting right on top of our first target of 16400!
Comment:
Target of 16400 was hit TODAY :)
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