mooshu22
Long

Next Target Zone; Prior Support Turned Resist& Fibonacci Retrace

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
70 1 0
Looking at healthy consolidation, followed by bullish continuation. Two points of confluence are the Fibonacci retracement area and prior support turned resistance. Watching closely for bullish volume . Play what you know not what you hope.
Target zone is now the $715 range. The retrace is testing a key level of resistance right now, if the bulls hold up watch for a bull continuation to $715. If the key level fails, watch for a continued wash out in size similar to the first trend.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out