Bitcoin Update-Potential Triangle Underway - Look Lower again

3 thg 1, 2018

Bitcoin looks to be consolidating within a triangle for now. If prices push above A, it should attempt for a flat. But in both cases, the underlying is correcting the earlier drop from sub 20000 levels. At least an (A)-(B)-(C) drop can be expected at one higher degree going further. Trading point of view, it is good to remain short again @ 15000 levels, stop @ 20000, target below @ 10000.

Good luck!

Harsh Japee