Reached the 1D Resistance. Strong short call.

26 Jul 2018

The 8,485.7 High has crossed the 0.618 Fibonacci retracement point (8,383.30) from the most recent top - bottom on 1D (10,000 - 5,770). That is where the 10,000 High (May 4th) started moving lower towards 5,756.70 on a Channel Down. Based on the 1W Falling Wedge (RSI = 51.503, MACD = -406.000) we expect a similar development (8,691.40 should be the maximum) so a 3rd short has been added with TP the 0.382 level = 7,380.40. The rest remain on TP = 6,855, 5,617.40 in extension. Keep in mind that BTC is still within a projected 1 year + bear cycle that should reach it's bottom near December.