So today bitcoin has startetd a nice little bullrun to a very important level.
For that reason we gonna expect a little retrace to the 0.618 fibo retracement level to start the big hit.
What do u guys think?
Today i would like to show you a pretty interesting strategy to find some good entry spots if you like to scalp Bitcoin or other cryptocurrencies.
In that case we use at least two indicators. The RSI in combination with the MACD and trendlines.
This should give you a good overview.
As you can see, i marked some of the entry points with a white circle.
At this far the pattern works perfectly.
Volume is decreasing and we probably gonna see a correction to the level of 8080-8020 USD area.
After that we could hit a big spike to the 9k.
This means an increase to the fibonacci 1.61 level which is very likely at this point.
Also will this be the nr.3 wave in the elliot waves pattern.
So guys lets see and don´t miss...
We are on the brink of a massive outbreak with a strong bullish bias.
I assume that we will see the breakthrough between about 25 & 28 of September.
Currently, it is quite possible that the support line at $ 9500 will not be retested, but we will see a side value move for the coming days.
Let me know your thoughts.
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