Bitcoin (BTCUSD): Triangle Break Follow-Up

15 thg 7, 2017

In my previous update I suggested going short BTC on break of 2307 level. It proved successful:

The sell-off halted @ the median line of Andrews' pitchfork. Nevertheless, I expect more weakness ahead as the short-term downtrend progresses towards 1929-1935 target and, possibly, below 1850.

16 thg 7, 2017

Ghi chú

Price fell below $1850 and met its main target because this level represents the low of Wave 4 of previous impulse wave. I wouldn't be surprised to see some consolidation here.