Nuseii
Long

Bitcoin's time for resurgance

BITFINEX:BTCUSD   Bitcoin / Dollar
331 1 2
With bitcoin's "survival" of the pivotal 88.6% Harmonic level we are setup for a run to a 70.7% retrace from the all time low(listed here at least) of 344.28.

Utilizing GANN fan and Fibonacci Time zone i see a maximum pump target for 2016 of 587.51.

Now of course every step needs to be breached along the way and if we fail at even getting to $344.28, we will simply dead cat bounce for much longer.

TLDR is that Bitcoin needs to make it back to the 300's to reach it's point of much needed trading equilibrium.
cryptopicasso
2 years ago
nice analysis Ant - feel the same way - this wave needs to run us well into the 300's to retrace above the previous wave high of 315-320
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