JoseE.Morales

BTCUSD Buy position possible next week

Long
JoseE.Morales Updated   
BITSTAMP:BTCUSD   Bitcoin
BTC reaches important resistance level at $7563
If prices breaks $7653 then expects to achieve price level at $9235 (Gain of 22% percent) (Fibonacci level 1.618)
Comment:
Is done !
Now stay alert because price may continue to rally up or do a pullback.
If the day of 1 May is a red candlestick, then the probabilities of a pullback are bigger, therefore price may descend until reaching the support trendline.

If the candlestick of 1 May is green, then the next resistance level will be at 10467.
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