Bitcoin target updates

Fortunately, we have bounced at $9,200 which is a strong resistance area and thus Bitcoin is on its wave B. $9,200 also happens to be 0.238 retracement level of the whole wave cycle that started from $6,400. I believe Bitcoin will most likely reach $9,500~$9,650 and retest the $9,200 which is the lower boundary of the uptrend channel. If it breaks out the channel or my first target ($9,200), my second target stands at $8,900, followed by my third target at $8,600.

Tommy_Trader

토미 라이브 차트 보기: litt.ly/tommytradingtv

Youtube: bit.ly/Tommy_TV
Telegram: bit.ly/Tommy_Main
트레이딩 MBTI 테스트하기: tradingmbti.waveon.io/

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.