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mooshu22
Jun 25, 2016 1:23 PM

Next Target Zone; Prior Support Turned Resist& Fibonacci Retrace Long

Bitcoin / DollarBitfinex

Description

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.
Comments
mooshu22
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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