YongTung | BITCOIN target for SHORT

Hello my friends, today I want to talk to you about BTCUSD ,

I made a few conclusions about Bitcoin.

Recently the price tested resistance line $18232.56 (yellow line) and failed.

At the moment price bounced from resistance level $18232.56 (yellow line) to support line $16900.66 (fibonacci 1.618 level).

I expect there is a Elliott correction wave to support zone $15986.58-$15930.45 (fibonacci 0.618 to 0.66 level).

I set up my first target at support zone and local low $15986.58-$15930.45 (fibonacci 0.618 to 0.66 level).

And I think that Bitcoin can bounce up from the support line $15527.26 (fibonacci 1.27 level) to resistance level (blue trend line).

Then, I think price will fall down from resistance level (blue trend line) and go lower.

So, I set up second target at $15572.88 (fibonacci 1.27 level and light green line).

This is my opinion, I really hope it will be useful for you.

This is an article not financial advice, always do your own research.

And please don't forget to support this idea with your like and comment, It means a lot to me, thanks.

Be prepared and save your money. Make big profits!