Short term consolidation valid. Opportunity for additional short

10. Aug. 2018

BTC finally took pause on the strond 1D downtrend (RSI = 34.712, MACD = -154.200) near the targeted 6,082.70 spot (yellow line) and is seen on a three candle consolidation so far. As seen on the chart, the sequence may copy a previous curve pattern as part of the H&S right Shoulder build up. That spike could be an additional short opportunity for those who missed our short call on top. On a smaller time frame, that will also help the 4H (Highs/Lows = -46.8428, B/BP = -233.7241) to accumulate more sellers in ordero to gain the necessary bearish momentum to break June's 5,762.9 bottom. The voume is high enough and rising (35 - 55K) able to sustain this sell off. TP = 5,800 (1W EMA100).