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.
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
Reply
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out