BTCUSD Bearish Outlook

25 thg 12, 2016

Bitcoin potentially in a corrective structure.Saw a third rejection off a strong trendline. Looking for a break below ascending trendline to retest the 770's area for short opportunity.Target(440) at the outer ascending tl which will line up with cypher pattern or if this pattern is invalidated then second target at the 300 area(some area of previous support).