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Davolh
Oct 25, 2018 5:06 AM

Possible short term bullish action for BTC/USD $BTC #BTC 

Bitcoin / United States DollarCoinbase

Description

This is what I'd really like to see from BTC over the coming days.

- A short lived correction to support and 618 fib retracement of recent pump.
- Bounce off support/618 to next resistance of 6800
- 6800 resistance is the 618 fib retracement from previous HIGH.
- Id like to see BTC close on the daily above that 618 preferably $6900+ forming a higher HIGH

If we can follow that path I would certainly become very bullish on BTC to break and hold above $7500.


I also see some short term bearish signs which I will present in an alternate chart.


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