BTCUSD: Bearish entry at the fibs around the 1K

Bitcoin / U.S. dollarBitstamp

描述

⋅ Jan 29, 2017 4:38 PM

Hi traders,

On the BTCUSD we can see the 61.8% Fibonacci retracement of the downwards move from earlier this year and the 127.2% Fibonacci extension of the retracement at the same area. This looks like a good area to short.

Entry: 991.38
Stop: 1040.83
Target: 882.72 = R:RR 2.2

Just an idea. Cheers