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Altcoinsmart
Nov 4, 2017 3:03 AM

BTCUSD Perspective, Touched 23% fib level. what next? 

Bitcoin / DollarBitfinex

Description

BTCUSD Perspective:

Based on Fib levels it looks like it did touch the 1st 23% fib level quickly and moved back up 200$, still no bearish sentiment in the market which is a bit surprising. Also if it passes through 7.4k -8.1 k should be next target.

Right now i feel it should correct upto atleast 38.2% which is 6.5k zone and potentially 50% which is 6300 levels. This is just my sentiment and based on few indicators. Indicators haven't worked most of the time for BTC.

It does seem to form LH , LL on small 15 min TF.

Based on Fundamentals i only see some FUD Happening if 2X get canceled or postponed. Majority of people are just holding cause of that and i think we should see some correction atleast few days before the fork. Many are pulling out of the agreement and might not happen.

Comment

Still in a channel tho
Comments
vaskojovanov
The retracement to 6568, is it short term in the next day or two, or is it a pull back you are expecting before the fork?
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