SBLineker

BTC Update - The Cliff is Here

SBLineker Updated   
BITSTAMP:BTCUSD   Bitcoin
Remember our publication yesterday, calling that we might be getting closer to the edge of the cliff? Well, we are there today.

We bounded off from this location because of the parallel channel formation. However, this certainly does not mean that we are on the right track.

If channel is broken - we will be eyeing the following levels:
- 53K
- 50K
- 43K

Comment:
Trade closed: target reached:
Short term correction of 52-53k target has been hit. Eyeing target 2 for further pullback.
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