moontumble
Short

BITCOIN - Buckle up, Buttercup

BITFINEX:BTCUSD   Bitcoin / Dollar
Bitcoin             appears to be breaking its recent push resistance now, so this is where I see it going in the short term.

I can see here that Bitcoin             is performing a perfect Gann Fan compliance, i.e. to the last resistance level at 8/1 as drawn from the last sell wave.
RSI is by far not oversold in this timeframe, and there is room to correct once more.

I'm following its retrace down to the 23.6 fib level as indicated. Let's see what gives.

Kommentar: After break and retest of previously supporting trendline, further downside likely.
Trade ist aktiv:
Kommentar: forming lower highs and lower lows on 30M TF
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