Bitcoin has negated retracing to the 38.2 fib twice in recent days. As we continue to chug along in this 'bull channel', it will be interesting to see whether we retrace or keep on keeping on. Regardless, 600-615 is starting to look likely to be hit conservatively.
Comments
smalldarkcat
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NICE
ItisCalvin
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I'd be looking for some dying momentum which would signal possible retracement. It is going to be a fun time. I bought in around 455~ when I basically said F]*() it.
primaindustria
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Yeah, I'm not counting out a retrace to the 38.2. I should have drawn the light green line a little closer in, but that's what I was alluding to with including it. Retrace or not, I think we are still bull for a little while at least. GL!
ItisCalvin
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Yeah the bulls certainly have this market. Bears have to go back to hibernating for now.