rpkarthigan

rpkarthigan

From the 4 hour chart, we can see that the bitcoin broke the bottom of the triangle pattern. It also broke the previous low to high support at 28,166. Now, that level becomes the resistance. So as long as this level acts a resistance, bitcoin has some lower level targets. I drew the Fibonacci from high to low to high. You will see the fib level 0.618 (27,911), 1...

rpkarthigan

From 1 hr - it looks like bitcoin will increase to 27, 7000 or 27, 800. This is a very small trade.