Check_it_Out
Long

Bitcoin Bullish scenario leading to 4/2 settlement

BITFINEX:BTCUSD   Bitcoin / Dollar
148 0 0
Bitcoin is in the process of resolving its third peak/wave cycle since the local low below $170. I noticed a pattern where each wave has retraced to the next fib level higher. The first wave retraced 38.2% to the peak after crashing, the next went to 50%, so if the pattern is to continue this wave will go to $277.

This seems a reasonable target for this week's OKCoin weekly settlement as many shorts would be force liquidated.

Beyond that, the three wave cycle will have resolved to the upside, and a break above the wedge resistance would seem bullish . Fundamentals seem strong lately with the first pseudo ETF $GBTC launching so I'm betting on a break to the upside.

Additionally a total lunar eclipse occurs on 4/4 for the astrologers out there.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener 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 Billing Sign Out