Like2Move

Two scenarios

Long
Like2Move Updated   
BITFINEX:BTCUSD   Bitcoin
If bottom at 4100+, then targets are 4360 and 4500. (Support in 4130 area.)
If lower, then after the rebound price could fall to zone _3900.
Comment:
Strong rebound from 4132 support :)
The retrace below fib 38.2 (4250) will signal a potential lower low ahead, down to 3180 area.
Comment:
*Excuse me, 4180 area.
Comment:
Returning to 4300 would mean a further fall. But that's probably not the case.
Comment:
Too deep... losing steam. Don't like it.
Comment:
It's still unclear, where it will turn :)
Comment:
Wow! Target 4500 reached.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.