DailyChartist

Risk off helps Bitcoin

Long
COINBASE:BTCUSD   Bitcoin
We are seeing heavy risk off in European trading and for the US futures, so this seems is helping Bitcoin to continue its rise above my initial target. Current bullish bias remains strong, and I am expecting further impulse to the upside as Demarker is moving above the overbought zone as well.
I will be expecting the price t reach 12049 price level zone and the top diagonal line of the correction boundaries. As a phase 2 of the movement I will be expecting a move down again towards 10217, but the price to remain in the long-term uptrend.
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