$BTC/USD following its usual fractal pattern (BULLISH)
BTC following its usual fractal pattern just like 2013 and 2014.Major support area with triple support sits in the 9k range with the .5 fib, 200 EMA, and prior breakout area.
Looking to buy in the highlighted area around 8.9k and 9.1k with consolidation between here and 11k before we see a run to 13k.
I am short term bullish, and looking for a 3-5 month consolidation period for
BTC after a possible run-up to test 17k. Doubt we will see ATH within the next few months. However I am sure we will see it towards the end of 2018Cheers!
Note
$9300 is beginning to look like support with BTC testing resistance of the falling wedge with a fakeout wick on Finex. I will be very certain of this support if we make a right shoulder on the current inverse H&S here at $9300 and break out of the falling wedge.Will be adding to my position at within the right shoulder ($9300-9500)
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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.