Btcusdbullish
Bitcoin Rise to Extension possibly to $3,000According to Fibonacci Retracement & its corresponding Fibonacci Extension, IF the $2,200 was the lowest for price to go from which price continues upwards, then the price will rise to at least $2,900 with time while being resisted even by $2,800.
Entry is Long is best when & at a retracement dip.
BTCOur preference: possible rebound with 2750,87 as objective.
Alternative scenario: the depression of 2477.93, will trigger a return on 2378.49 then 2319.29.
Comment: The RSI is under 50. The MACD is greater than its signal line and negative. The configuration is mixed. In addition, prices are under their moving averages 20 and 50, currently at 2565.81 and 2582.59.
BTC up forecast due to Traders Dynamic Index (& price) pattern You see I circled areas the RSI (Green line) bounced off and signalled bull trend continuation off of level 50, & price upon Supertrend line (green price line support) (June 1-4, 2017)
I believe price movement is currently most like that of June 1st. Price will continue to rise as Traders Dynamic Index signals continuation on my chart only, because the indicator window does not update on the public view.
