DarkPenciI

BTC Short Term Outlook

COINBASE:BTCUSD   Bitcoin
Learning to use more tools and trying not to force them into my ideas, but it is pretty cool when it fits almost too perfectly without forcing it. Trying out this fib time extension tool from our swing high to swing low and it seems to line up pretty on point for the reversal points and lines up with where I see price moving as we go along with targets. In conclusion, I see a continuation in our current bullish move up until ~$12600 hitting our parallel trend line from the swing low points and a comparatively slow bleed to about ~$8500 to hit the lower trend line for my target as the cycle low around July 10th and the best possible entry point before moving up.

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