Bitcoin Bearish Pattern

19 Agu 2017

The bearish impulse lost already some of its dynamic, still the Bitcoin remains strong and might even come back to 4200 again (possible short position), after which it will fall to 3800. After that there might be new entry positions, however, i still favor a short scenario with a price target of 3600 (or even lower, maybe 3400 or less). After reaching this point we might see a very slow and weak upward movement, where the coin might reach 4000 or more again, after which the uptrend will accelerate strongly and the coin could reach about 4800 dollars.