jollygreen

BTC EMA Breakout Target $4.8k?

Long
jollygreen Updated   
BITFINEX:BTCUSD   Bitcoin
BTC 1 hour EMAs broke out nicely this morning on 12/17. Where will they go next? Well, up of course. $4.8k is around .5 fib of our last drop, so that is a potential target. It will be interesting to see how the wave structure develops as we near resistance at the $3.9k and $4.4k levels.

Get your longs in!
Comment:
We are still going up, but at resistance now at $3,950. Let's see if we can get to target 1!
Comment:
6 hour EMAs should also cross today, 12/19/18 and we are testing the 12 hour 55 EMA.
Comment:
This idea will not be updated.

New updated idea here:
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This trade has ended. Check my profile for current trades.

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