Trdingjoel

BTC Heading along trend-line to fib's and previous resistance

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
BTC to reach the .78fibs and previous resistance at 16260. Could break out or drop down to 15470 for a new buy in as per fibs
Safest to wait for candle to close to see if it is above or below resistance/fibs
Comment: I am expecting some sideways movement and maybe a restest before any real breakthrough
Comment: Buy Target of 15470 Looking possible as we are falling to 61.8%fib. As always wait for the candle to confirm before diving in!

Comments

I saw that drop but that was only on Bitfinex...
+1 Reply
Trdingjoel silmaril0875
@silmaril0875, I have a bullish outlook but expect a bit of resistance before we continue the big push
Reply
nope, loads of pressure behind BTC at this point.
Reply
Trdingjoel silmaril0875
@silmaril0875, She climbed a bit higher than what I said, but has met resistance and dropped back below
Reply
Trdingjoel Trdingjoel
@Trdingjoel, if you had a buy order where i said you'd have bought back in just above the Low of the spike
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