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lyl89
Dec 21, 2017 11:29 AM

BTCUSD - Currently supported around 16100, WILL IT HODL?? Long

Bitcoin / U.S. dollarBitstamp

Description

Based on fibs, Bitcoin seems to be supported at 50% fib retracement.
Price did touch the bottom of the channel once.
A harmonic bullish bat pattern is seen to be completed and reacted once, might be in for a retest.
RSI is increasing although price has dip back to support area multiple times.

People have been rushing to Bitcoin cash since Coinbase is offering now.
However we did not see a major drop in Bitcoin at the moment.

Looking to long upon retest of 50% or 61.8% retracement.

What do you guys think?
Comments
hyperbit
@lyl89 What are the chances that it will drop to a lower support zone before a bullish run?
scousertommy
retrace
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