AzrulAzir

End of Correction for bitcoin

Long
COINBASE:BTCUSD   Bitcoin / U.S. Dollar

As we can see, Bitcoin still inside falling wedge pattern, and almost reach falling wedge support.
This support around 7300, and this point is very important for bitcoin .

At June 01 , 7300 become a very strong support level , and this support still not break down.
Not only that, we also can see that 7300 are 0.618 fibonacci level. This level from 14 December low to 26 june high.

Conclusion :
If 7300 able to hold bearish movement, we can buy bitcoin at this level and set target at fibonacci 1.618 area at 18000, with time estimated maximum 312 days.
But if this level break down, next support at 4550.

Good luck, and happy trading.

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