pmktyn

BTCUSD expectable movement

Long
pmktyn Updated   
BITFINEX:BTCUSD   Bitcoin
Now BTC in corridor between 10380 and 9228.
On graphic you can find fibonacci which is build by this corridor. (thin black lines)
There are 2 support lines showing current trend and 10th day growth trend. (green lines)
Also you can find a resistance line. (red lin) e

As for me, I think we can expect for a growth up to 10380 if btc will pass 9877 as a first trigger to enter and resistance line as area to enter with less risk.
Comment:
Few more words about graphic

The most strong levels of fibonacci are 0.618 (9941.4 ) and 0.382 (9670.0) which i use as a trigger.

ATM i can see 3 growth stops, firs is level 9875, next is 0.618 fibonacci (9941.4 ) and level of resistance.

if we will talk about downtrend if we will see BTC going lower then 0.382 fibonacci (9670.0) we can expect downtrend to continue till 9500 or 9228.
Comment:
*i think 9741 would be support level of current channel

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