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Bitcoin: Next Stop 8100

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Bitcoin (BITFINEX:BTCUSD)  
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BITFINEX:BTCUSD   Bitcoin
Trend Analysis Bitcoin (Cryptocurrency) BTCUSD bitcoinforecast bitcoinprice bitcoinusd bitcoindollar bitcoinmarkets
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trendanalysis bitcoin btcusd bitcoinforecast bitcoinprice bitcoinusd bitcoindollar bitcoinmarkets
As predicted we broke downwards from the middle declining trendline as we are now seeing support at the long-term trend line (red line).

If we break below 8800 for 4+hrs we don't have any support until 8100 (low support), with greater support at 7500.

Sell Entry: 8700
Target: 8150
Stop Loss: 9500
Commento:
EDIT: Clients have been asking about the fact that we are entering "oversold" on the daily.

That's why we wait for confirmation of 4hrs+ under 8800. I would expect a bit more of a battle from the bulls to keep above 9000, but if they can't do it, then a quick drop from 8700 to 8150 is likely.
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