BTC - finally....can we drop to 200-period SMA?
Updated
Everyone's been calling it for weeks and it's looking more likely than ever. Some positive news on fundamentals for Bitcoin are a bit worrisome (e.g. Bakkt supposed launch in a couple of weeks, maximalists hyping up the halving, HongKong issues supposedly pushing up BTC price), but I'm looking for a solid dip to fuel up the bull-run we've all been waiting for.
A drop down to 8k-8,250 range would be about a 50% retracement. Bottom of the triangle shown is the 68%. This is based on Fib levels using mid-Feb 2019 as the start of the uptrend.
A drop down to 8k-8,250 range would be about a 50% retracement. Bottom of the triangle shown is the 68%. This is based on Fib levels using mid-Feb 2019 as the start of the uptrend.
Trade closed: target reached
Worked out just as planned!
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