UnknownUnicorn1068428

UnknownUnicorn1068428 Updated 

This is one of the possible plays that might occur with BTC/USD at the $2400. A retracement might happen once it reaches the $2400 resistance level. If it doesn't break through it, then we could see a retracement down to the $2200 support level which could develop into a head and shoulders pattern to try and test the $2400 level again.

UnknownUnicorn1068428

BTS/BTC is about to hit the 78.6% Fib Retracement level for a potential 15-25% reversal. It had some nice previous retracement on the 50% Fib and 68% Fib that could repeat on the 78.6% Fib.