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Mihai_Iacob

Bitcoin- Correction underway? (short term outlook)

Short
Bitcoin (BITSTAMP:BTCUSD)  
Mihai_Iacob  
BITSTAMP:BTCUSD   Bitcoin
Trend Analysis Technical Indicators Chart Patterns Bitcoin (Cryptocurrency) bitcoinforecast bitcoinusd BTCUSDT BTCUSD btcusdshort btcusdforecast btcusdidea btcusdanalysis
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trendanalysis indicator chartpattern bitcoin bitcoinforecast bitcoinusd btcusdt btcusd btcusdshort btcusdforecast btcusdidea btcusdanalysis
After finding strong bids at 47k zone, Bitcoin reversed strongly and gained more than 15% in a few days.
Now the cryptocurrency can correct some of this strong leg up and drop to 51k could follow.
Short term speculators can search for opportunities to sell above 55k and a drop to up mentioned support can have at least 1:3 R:R
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