Koyejo

Bitcoin Swing Short

Short
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
After completing a head and shoulder pattern on the daily time frame; and breaking below the neck line of the pattern and re-testing said neck line, I expect the pair to continue downward from the zone, after completing what I believe is a manipulation.
Target is taken from previous resistance (which should now turn support) on weekly time frame; this zone is around the 61.8% Fibonacci retracement taken on the weekly impulse; and thus forms a good confluence area for a swing target.

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