mooshu22
Long

Next Target Zone; Prior Support Turned Resist& Fibonacci Retrace

BITFINEX:BTCUSD   Bitcoin / 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
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
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