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Like2Move

Bounce from 12000 area expected

Long
Bitcoin (BITFINEX:BTCUSD)  
Like2Move Updated   
BITFINEX:BTCUSD   Bitcoin
Trend Analysis Wave Analysis
10
9
trendanalysis waveanalysis
Confluence of supports in the 12000 area: fib 0.764, pattern of correction abc (not shown), sliding line and previous support bottom.
Comment:
Break up of sliding trendline means a correction is over:
snapshot
Comment:
Need one more (green arrow) move up above 13500 to turn up trend
snapshot
Comment:
Downtrend line broken. Longs at the retrace to 13300...12500 area.
snapshot
Comment:
Retrace completed. Targeting to 14000+
snapshot
Comment:
Resistance at 14000 broken. Targeting to 15000:
snapshot

Related Ideas

Like2Move
Sliding resistance line broken, bounce target 17000
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