GoldBands

Bitcoin Stalls at the 1.236 Fib Ext - 12-18-2017

Long
BITSTAMP:BTCUSD   Bitcoin
$BTC tagged the 1.236 range extension, my first target which I projected last week. If price can continue higher and close above the 19,221 level, the next upward target is 23,411. The Bollinger Bands will also rise with price and there should be a nice confluence at this price level. If price can't close above 19,221 I would expect a pullback to the 16,632 level, at which point previous resistance should become support and allow some consolidation before the next move up.

If you like this post, please click the Like button, tell your friends, and re-Tweet!

Disclaimer: This post is for educational purposes only. Trading is at your own risk.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.