DanLaffas
Long

Wanna catch knives? Join the circus. #BTC #Bitfinex Daily

BITFINEX:BTCUSD   Bitcoin / Dollar
I still feel this has another leg up and am watching the 0.886 fib retracement as a buy zone. Conservative target is 490 while upper target is around 525. Stop loss is below November 1 low.

Good luck

Acknowledgement - For further information about the 0.886 & 1.414 fibs, see 4xForecaster's tech note in his chart here: https://www.tradingview.com/v/qOHXHqQV/#tc115731
julia17
2 years ago
347 - 350 hardly can break down, so agree with u, just first upper target 585 may be
Reply
DanLaffas julia17
2 years ago
Well its early to say. I have thought the same previously only to have BTC trump me and move to the forecast target. I will sit on the side and give this a few days until we have a confirmed reversal.

Here is a close-up view on the H4 timeframe with annotations.
snapshot


Thanks for the comment @Julia17
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julia17 DanLaffas
2 years ago
thank you for the view, sure, it's early to say about 347-350 bottom, just i suppose it. Here is this level 347-350 on weekly chart
snapshot
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DanLaffas julia17
2 years ago
Looks similar to my 'bump & run' chart from July

Bitstamp Weekly Chart - Updated 15 July 2014
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DanLaffas
2 years ago
We're getting closer peeps. Question is will it hold the 320-330 area or will we see 290-300? I'd say hold your entry until a reversal is confirmed.
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