kamalzakhoy

The price failed to breakout the resistance around 22K!

Short
BITSTAMP:BTCUSD   Bitcoin
As shown on the daily chart, the day before yesterday the price failed to breakout the resistance at 21,868 and we expect the price will fall down to retest the support at 18,764. If breakdown happens at 18,764, the first target for the sell signal is going to be around 15K. If breakdown fails on the other hand, we expect the price will bounce back up to retest the resistance 21,868. The main trend on the daily chart is bearish, and the best places to buy more with caution is around 18K and 14K. 
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GOOD LUCK

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