ShaheenFahmy

Bitcoin testing key support level

Short
ShaheenFahmy Updated   
COINBASE:BTCUSD   Bitcoin
Bitcoin is currently moving within a key support/resistance level.

It's very likely that 7800 $ is going to fail as a support, forcing Bitcoin towards the next key zone, which would be around 7150$-6900$ (0.786 Retracement + Trendline from March 2k17).

Stoch RSI indicates further downwards momentum.

If the afore mentioned support fails yet again, it's likely that Bitcoin is going to test 5.800$.




Comment:
Bitcoin falling towards 7k$ for sure now.

Comment:
We're touching the trendline. A daily close below this one would be a huge shorting signal

Comment:
Check my new idea:

Comment:
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