Great news is that BTC has finally reversed trend and entered a path towards higher values. How long will this bull run last? Who know. Possibly to the Fib 161.8% level at approximately $28,000. That would be awesome! Of course the opportunity exists to pick up a few coins along the way if you can time your trades on the short bounces off the resistance...
I don't see any indication that we have reversed from this bear market. I expect we will bounce up off the 23.6% Fib retracement and then bounce down off the bearish trend line. After that, I anticipate prices dropping until we reach support at 5,300. Once we have completed the final 5th Elliott wave, I expect we will finally reverse direction. What do you...
After several days of trying, BTC just won't close above the fib 38.2% retracement level. Looks like we are headed down to the next support level at 23.6% fib retracement on the 1 day chart. Agree or Disagree? Your comments are appreciated as I'm trying to learn to be a better trader using TA. Thank you,
2018-02-17 Resistance at 12,100 We should hit 12,100 between 2/22 & 2/24