BITFINEX:BTCUSD Bitcoin / U.S. Dollar
So I FINALLY thumbed this down and now I see what is happening. So we are in a bear market of course and if you take a look at the monthly chart. There is a candle followed by and another selling candle. So usually whenever you are doing a Risk/Reward, you have a price entry, stop loss and target. So if this correct, we are heading for a 1:1 risk reward on the monthly chart which has NOT been hit yet. There is some great news!!! My ultimate price target is on the $$$!! RIght at $1115 a BTC!!! This may be a very long wick because of a take profit or people being really scared and start throwing away Bitcoin . I also drew a and fib for future prediction. So start saving up your money now. Whenever this area is reached will begin a new trend. Buy Everything! Especially on Coinbase!!!