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chuckallstarz

BTCUSD downside continuation ideas

Short
Bitcoin (BITSTAMP:BTCUSD)  
chuckallstarz  
BITSTAMP:BTCUSD   Bitcoin
Trend Analysis Support and Resistance Fibonacci
3
1
trendanalysis supportandresistance fibonacci
1. Resistance at local high of ~24k

2. Resistance at ~29k
Confluence:
  • Trendline resistance from ATH
  • 0.382 Fib resistance
  • Major support on high-timeframe
  • Completes Wave 4 of 1-3-5 elliot wave

Bottom targets: 14-16k

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