Bitcoin has been ranging between 10k - 8.8k for the last few weeks. All the legacy markets FUD has been pumping crypto markets as well. If we take a look at liquidity levels, it's feasible that we grab topside liquidity and then resume heavy downward momentum.
A new corona-virus paradigm could trigger sell-off as well. My targets are:
Historically, after the halving, we saw an important drop of $BTC.D. We might have a similar scenario this time as well.
TD9 sell on the daily looking sharp. Is it time to buy alts?
Timing is everything. Will update on a weekly basis.
Until 0.382 fib we have a wide range of thin 'air', hence we can place a long position @ 140. Targets,
TP1: 170 for 21%
TP2: 212 for 51%
We may have a tiny correction @ TP1, so it wouldn't be a bad idea to take profits around this area as well.
Will continue updating on a weekly basis.