gusi
Long

BTC WEEKLY FOR 2018

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
This is a simple chart based on yearly fib levels to find our targets for the next bull run (if there's one).

Things that lead me to believe bottom is in:

200 Daily MA finally got hit after more than 1 month of correction  
Comment: the week I posted this chart price went below the blue 200 day moving average and pink line but it managed to pull back and close above them (reversal candle) even though I have stayed neutral ever since and decided to wait a few weeks to see the chart develop a little more.

Price has made higher lows ever since the bottom at 6k and is now heading to a key resistance level at 12K (we had a lot of accumulation there before the dump).
a weekly close above 12k would be bullish, price should maintain making higher lows on the 4hr/daily timeframes.
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