AlanSantana

Bitcoin Breaks Support, Goes Lower (9.6K or Bounce Next?)

Short
AlanSantana Updated   
BITSTAMP:BTCUSD   Bitcoin
Bitcoin (BTCUSD) just broke with a big red candle below support... This is no surprise as we were expecting a drop.

On the chart above you can see the different support levels (blue) and resistance levels (magenta).

This breakdown just started so it needs time to develop...

Here you can see our full trade for this setup, here you can find specific details for your targets | Click on the image below


Thanks for the support.

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Previous analysis:
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Daily time frame:
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BTCUSD Moved lower... Here you have some more charts and results:

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