Get started
CipherR

Dip to 15300 levels to complete 4th wave before up to 26000

Long
Bitcoin (BITSTAMP:BTCUSD)  
CipherR Updated   
BITSTAMP:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Wave Analysis
4
0
trendanalysis chartpattern waveanalysis
Fibonacci retracements show a dip to 15300s is possible within the channel to bounce off the bottom of the channel and start wave 5 up to 26000 levels. A higher low of the 1D RSI would continue bullish trend. Short term trades for possible shorts. Long for swing trades.
Comment:
A break of the trend channel would increase likelihood of retracement to 61.8% fibonacci levels at 11200 as indicated by cypher patterns.
Comment:
Using a log scale, 14200 looks more likely. Depends if the RSI dips under the trend line.
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.