Signal_Centre
Short

BTCUSD - Channel break risks further downside

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
BITSTAMP:BTCUSD

Bitcoin - Short Term - We look to Sell at 8000 (stop at 8400)
There is no sign that this bearish momentum is faltering but the pair has stalled close to a previous swing low of 7360. Signals are mixed but remain mildly bearish with an short-term timeframe highlighting an exhaustion count. Broken out of the channel formation to the downside. Further downside is expected although we prefer to sell into rallies close to the 8000 level.
Our profit targets will be 6800 and 6600

Resistance: 8000 / 8300 / 8500
Support: 7350 / 7000 / 6800
FREE Telegram Group - https://t.me/signalcentre
FREE Crypto Telegram Group - https://t.me/signalcentre_crypto
FREE Trade Ideas - https://bit.ly/2kcVwdt
FREE Education and Insights - https://signalcentre.com/insight/
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out