fraclehe

BTCUSD Warning!! A drop is very likely to happen

Short
fraclehe Updated   
BITFINEX:BTCUSD   Bitcoin
We are getting close to a high resistance zone in 7600-7650 area. Short term bearish wedge and midterm downtrend line converge, and the loss of momentum is obvious too. A drop is very likely to happen, targeting 6800 zone which wasn't reached in the last drop and it's needed to fulfill fibos and a healthy retracement.
Comment:
Wedge broken downwards!! Good time to open shorts at pullback
Trade closed: target reached

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