Bitcoin Price Technical Analysis for 11/13/2017 – Deeper Correction Underway?

Bitcoin Price Key Highlights
Bitcoin sold off sharply since breaking below the double top pattern highlighted in a previous article.
Zooming out to the longer-term time frame shows that bitcoin price is still in correction mode and is testing the first Fib level.
This lines up with a short-term area of interest but a deeper correction could find its way to the rising trend line on the daily chart.
Bitcoin price is in the middle of a much-needed correction from its strong rally since mid-Septembe