DanLaffas

Possible levels on the weekly chart (BFX)

BITFINEX:BTCUSD   Bitcoin
Anticipating a retracement to the $460-480 level. This would give us an ABCD retracement from the recent $790 high (seen on lower time frames).

From there, I anticipate price moving north to retest the $1000 & ATH levels. I just wonder if we will pause again at $660-680 as this has been strong S/R level on the way up & down in this last move, and also back in June/July 2014.

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.