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!
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!
