Bitcoin (BTCUSD): It's Pullback Time

٢٠ نوفمبر ٢٠١٧

Previously, we anticipated a correction from $7200 to at least $6740:

Notice just how accurately the price reversed from POC level on this chart @5684.
Now it's time for another pullback, the conditions are met. There are two resistance clusters: the first @8070-8090 and the second @8440. You choose where to short. I recommend to apply postion management tools, like moving stops to breakeven.

٢٠ نوفمبر ٢٠١٧

ملاحظة

The price is crawling towards the short level. I've adjusted it a bit to match the cluster of resistance @8440:

٢١ نوفمبر ٢٠١٧

ملاحظة

The chart has been updated:

Comments are welcome