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chemistrytrades

BTC GOING UP short term

Long
Bitcoin (COINBASE:BTCUSD)  
chemistrytrades Updated   
COINBASE:BTCUSD   Bitcoin
Trend Analysis Chart Patterns BTCUSD BTCUSDT btcusdlong Cryptocurrency cryptotrading cryptocurrencies
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trendanalysis chartpattern btcusd btcusdt btcusdlong cryptocurrency cryptotrading cryptocurrencies
Very nice double bottom, price is set above the double bottom's maximum therefore we will operate a long trade. Aditionally, the price brokeout from the dark red descending trendline. Right now our short term target is close to fibbonaci's level 2. Which is BTCUSD price target @4659 aprox

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Comment:
Target Not reached, drop is likely since it consolidated below double top's previous maximum.
snapshot
Comment:
Alright so price consolidated at fibb's .382 level, entered to the previous support zone and it's currently hitting ema 200. Let's see if it's able to get through the last mentioned.
snapshot
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