gillianpatrice

BTCUSD - 2nd chance to enter?

Long
BITSTAMP:BTCUSD   Bitcoin
I underestimated the Bullish appetite for Bitcoin. This confirms to me that it will have enormous value in the future. The Bulls have pushed price to the 786 of the last corrective swing. If a candle closes above here I will wait till the previous high 4473 is broken and take a long on the retest of previous resistance and hold my position to the 1st price extension 127% then the next to the overlapping price extensions of the previous swing and the correction. If price fails here and the Bears take hold I am expecting a LL than the previous doji - to take us to support. Notice how the fib extension of 127% when reversed takes us the 0382 on the overall swing?

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