ohenrik

BTCUSD enters resistance zone 4600-4700. Will it break?

Long
BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
We are now up against the 4600 to 4700 resistance area . It has historically been strong and we might see BTCUSD once again go down, but I'm optimistic about it breaking through.

If we close above 4700 we will most likely see a steep uptrend towards the previous top at 4900, and after that who knows? Maybe the moon! :)

So I'm not sure about what target i would go for after 4900, but 5100 might be a possible resistance as these waves seems to move 200 at a time, but i would love some input on this.

Comments

Not yet, without retrace we will run out of fuel to 4900 ;)
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ohenrik MiloszKaszynski
@MiloszKaszynski, thats a good point, i'm curious though, we might linger in the 4600 to 4700 zone for a few days and then break though.
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