MoonTrader

Targets for retracement

Short
BITFINEX:BTCUSD   Bitcoin
We're sitting atop the local higher low here. As soon as we establish a lower low, the targets below are where I would expect it to reach. There is strong support around $200, so if it is going to turn around, I would expect it to turn around there.

Overall, I'm still pretty bullish, but we can't know for sure until we reach one of these targets and see what happens.

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