Bitcoin - On the daily timeframe we have a valid tend line dating back from the 15th December 2017. If the price breaks the trend line I will be extremely bullish with short term targets @ $12,700 and a longer upside target @ $24,500
Price action is being driven towards the trend line for a 4th time after the moving averages bounced off the $10,000 resistance which is now support.
On a intraday perspective the bounce at the 3rd touch created a higher low (also a 61.8 retracement) giving me reason to believe the trend line will be broken and retested before heading towards $12,700. The $12,700 region is my short term target as it is a major resistance level and also matches up perfectly with my extended fib target.
My long term target is @ the -27.00% fib from $3,000 to $19,800. I also believe this target will be met as this market is very young and still has a massive amount of room for growth.
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.