DanLaffas
Long

BTCUSD Daily - Ascending Triangle & ABCD pattern

BITFINEX:BTCUSD   Bitcoin / Dollar
Hi traders, Just a quick chart with my thoughts on the future movements of BTC             . Like most I am anticipating a bullish move from this triangle. Overall I see a possible top of around $700. It won't be a straight run as there is previous R/S level at the $560 level so we should retest $464 which will become support for the next move up.
Comment: Nearly at the first pit-stop. Will be looking for a retracement but may not get the full retracement noted in the chart due to the tempo of this current upward move. Only time will tell.
Comment: First target hit
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