MMBTtrader

BTCUSD is looking for new All Time High?

Long
MMBTtrader Updated   
BITSTAMP:BTCUSD   Bitcoin
As we can see and chart is clear ,bitcoin is gaining strength near ATH and is getting ready to break resistance soon and new all time high is expected after that .
price fall to strong support zone that we talked about and start to rise from that area and break resistance on 60k and you can have better view on this chart that published :

now based on Fibonacci levels we expect these two targets for new ATH:
A. 66200
B. 73300

Notice :As you can see here is strong resistance zone formed so we may have breakout on channel (green trendline) and completely different scenario that is shown with red path.
DISCLAIMER:
1.trade carefully and have stop loss for sure
2.Past performance is not indicative of future results.


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Comment:

support is still valid and ...

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