vnee

level of reverse movement not far

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Today we have a deep correction, began after two attempts to punch 12,000.
The price broke the 9500 - and we received a pattern of two tops, according to the price can drop to 7500 (9500-2000).
On the way down on 7850 (0.786 Fibonacci) there is a level of support,
RSI and stochastics are in the owersold area, so it is more likely to stop and reverse the movement at 7850 (before 7500).
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