BTC - Measured Move to 15k
Updated
Looks like BTC is making measured move after establishing a low at 6k. With a recent high of 11786, the market is correcting, which is normal to expect after such a big move up. The price has dropped down to. 038 fib level of the recent run from 6k low to 11.7k highs. A measured move of this recent upswing shows a target of 15k.
The indicators , CCI , STOCH RSI, and MACD are all in the oversold zone and pointing to a bullish move.
The indicators , CCI , STOCH RSI, and MACD are all in the oversold zone and pointing to a bullish move.
Note
The price has to move and close above 11067 which is .236 fib. to confirm that we are moving up.Note
The price remained well supported in the 9200-9700 range. We just need a break of the bear trend line (green) and a close above ~11k for confirmation of uptrend.
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