Signal_Centre
Short

Bitcoin - Trade idea for further correction

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Weekly chart
Correction to above 61.8% Fibonacci retracement
Formed shooting star candle
Positive week presents selling opportunity

Daily chart
Impulsive move higher to 13880
Common corrective sequence ABC

Sell into rally near 12250-12500
Stop at 14000
Target 1: 8000
Target 2: 7232
Trade active: B corrective wave a little higher than expected but rejected and moving lower nicely.
C target now comes in at 9000
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