SimonMercier

BTCUSD : mid term target of 5.8k then retracment ?

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Hi guys,

Got a perfect year so far all projections of past 4 months reached. Cant sit on that, gotta stay alert. Im looking to probably sell at 5.8k.

It seems to me that we are in a on going 1-5 wave and MACD is still highly positive put i expect a retracement end of april where big player mostly gonna sell their position to close their position for the monthly settlement as we started this quarter with a huge price increase induced by a single large buyer (ive analyzed the dynamic and what caused it is a syncronized buy order at the beginning of april on different platform (kraken, bitfinex, coinbase, etc.). From my point of view, the correlation of subwaves count and fibonacci ratio point toward the 5.8k specific target as i show here :



Stay careful and watch macd behavior.

Simon
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Last post is here if you wanna follow the flow :

Trade closed: target reached: wave 5th completed
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