Bitcoin has lost a lot of momentum in his move down. If we don't see a retest of the resistance soon, we will see a move up! This would verify the IHS, the IHS-target would be ~6800$. Reaching this price level would mean a breakout of the local downtrend.
I am opening a long here, looking to take profits at every individual fib retracement. The 0.382 is my main target here.
My stop-loss is right below the resistance at ~ 5950$
I am opening a long here, looking to take profits at every individual fib retracement. The 0.382 is my main target here.
My stop-loss is right below the resistance at ~ 5950$