Bitcoin has closed above the bearish log resistance trendline on both the 4 hour and daily confirming the reversal.
ABC pattern confirming the range nicely. Looking for a temporary pull back at the 9500 mark on the 618 fib ext before longs re-fuel for the next leg up.
ABC pattern confirming the range nicely. Looking for a temporary pull back at the 9500 mark on the 618 fib ext before longs re-fuel for the next leg up.
Comment:
so far so good. If we close above the 272 ext and the 9k level its likely we will see the move up to 9400-9500 followed by the pullback at the 618
Comment:
We pushed up slightly higher than expected but overall played out well with the pullback at the 618. Hopefully we will consolidate at the 9k/272 area for a couple of days and then re fuel for the next move up