Im taking a short-sell position on BTCEUR as I explained in yesterdays educational post (I believe Crypto is due for more losses based on my technical analysis)
What we have here is a wedge (or contraction in my books) leading to the 38.2% of the recent high to low of the swing of price.
Im targetting 123.6% of that move but will be happy to get out even at...
Downward Triangle pattern forming on day 1 chart along with double top pattern resulting in potential bearish continuation pattern down to $6,200 (€5,600).
Strong support levels marked in blue trend lines. Bullish downward wedge pattern could push price up from these levels to $7,700 (€7,100).