Head and shoulders? Possible retest to trendline or monthly support? Over all target is 20k!
After the retest, support tl was strong and it pushed the price back up, looking for a new retest again, and long to 18k! MAS crossed over!
Last analysis I provided my three overviews which were: 1- Monthly resistance (9784) will become new support, consolidate for a while and shoot up to our next target 11k, 11133 to be exact. 2- Retrace to 4hr fib 38.20% level (9244), 2nd leg and head for the target 11133. 3- Retrace back to Daily 38.20% fib (8435), which was also previous monthly R/S, and a major...
Bitcoin just took off after 8314 consolidation zone! We have three overviews. 1- Monthly resistance (9784) will become new support, consolidate for a while and shoot up to our next target 11k, 11133 to be exact. 2- Retrace to 4hr fib 38.20% level (9244), 2nd leg and head for the target 11133. 3- Retrace back to Daily 38.20% fib (8435), which was also previous...
As mentioned in previous analysis bitcoin could retrace back to 38.20% fib, we almost took out out profit but the fib retraced! Perfect time to long till 8000/btc and over all target which is monthly resistance 8438/btc!
Will btcusd retrace to 38.20% before breaking the resistance (7085.20)? Entries at 6634 (38.20%), or if it breaks the 7085 barrier and retests the new support, our target will be 8000/btc, and over all target will be next possible resistance 8435/btc!
Bitcoin approaching target, a lot of resistance, trend line is strong support. Go with the flow and long :)
Will the support (TL) hold btc, and break the resistance (7085.20)?
Will btcusd retrace to 38.20% before breaking the resistance (7085.20)? Entries at 6634 (38.20%), or if it breaks the 7085 barrier and retests the new support, our target will be 8000/btc, and over all target will be next possible resistance 8435/btc!
Tl retest, -27% (fib) first target tip, next target 7k/btc. Previous resistance tested, new support!