Teklologist

BTCUSD status and target: EW and FIB

Long
Teklologist Updated   
BITFINEX:BTCUSD   Bitcoin
Based on chart, safe to target $6-6.1k
Comment:
Possible ascending channel. Blue line is a possible upwards trend line out of channel. No worries if trend line fails, only were channel to sufficiently fail.
Comment:
Let's see where this takes us. Updated idea below.
Comment:
Comment:
I still suspect btc to get one last run towards $6000 before retracement. And when that retrace happens I suspect alts will pump.
Comment:
Whoop! Looks like disbelief might be upon us. If so, then I called the top at $6k in original idea chart.
Comment:
Dunno why I never linked to this idea here.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.