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AzrulAzir
Aug 22, 2018 6:10 PM

Bitcoin, Internal fibonacci pattern Long

Bitcoin / United States DollarCoinbase

Description

We success to hit expanding triangle resistance at previous analysis and we have pullback rightnow.

As you can see,
we have 14 degree parallel channel up here, and bullish stop after hit fibonacci 38.2 at resistance channel.
In this analysis I use internal fibonacci pattern 2,
Internal fibonacci pattern have its own ratio,

If price drop from fibonacci 38.2,
entry level at fibonacci 14.5 at 6265
and profit target at fibonacci 61.8 at 7507

But we have resistance at ABCD fibonacci 1.414 at 7159,
so this level become our 1st target.

Buy zone : 6396 to 6265 (fibonacci support)
target 1 : 7159 (fibonacci 1.414 resistance line)
target 2 : 7507 (internal fibonacci projection)

Good luck.

Previous analysis :


Note : to understand more about this setup, please check our video analysis

Trade closed: target reached

this analysis close, target reach
Comments
fahadjutt
down down down into hell/....

tarfouss3
no it's going to 5800 double support
weslad
This BTC channel show entire BTC lifecyle
maybeyes
@tweinberg4, spamer!
FrederickDupont
Why bitcoin will crack 6k

MaaporM

tommyf1001
lissonn
could you still analyze the Greenmed (GRMD) crypto currency like a good ico with the same working business, shipping marijuana to the US and issuing just 14 million but the price is floundering at the bottom.
vickydaswani


have a look at this strategy and tell me what do you think, its insane
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