SunnyBTC

OKCoin next downside target 1224?!

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OKCOIN:BTCCNY   None
Didn't like what I saw when I loaded up the yearly SCMR dynamic trend level on OKCoin today. 1974 can now be considered to be walled to f*&K

Assuming we can't break the yearly SCMR dynamic trend level at 1974 on a bounce from here, the next plausible target for a 'normal' Bitcoin dump (of minimum of 58%) would be 1224 ish. This also happens to be the 2.0 fib extension level and translates to $196 ish dollars. I'm looking for a short entry

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