Possible consolidation zone before further selling. Short.

3 באוג׳ 2018

TP = 7,380.40 hit as BTC trades on the 6th straight bearish 1D candle (Highs/Lows = -315.9340, B/BP = -504.3397) aiming at the 0.500 Fibonacci level = 7,161.10 for support (worst bearish 1D candle sequence since May 03 - 10). 4H is now oversold (RSI = 27.438, STOCHRSI = 14.824, ADX = 67.039, Williams = -88.221) and may seek consolidation on the Head and Shoulders neckline at 7,259.00 - 7,532.00 but ATR has to turn below 80 (currently = 138.1024). The rest of the TP set is intact = 6,855, 5,617.40. The 1W candle is now at = 11.13% almost erasing last week's gains already.