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.
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