We are currently looking at Bitcoin to make a bearish correction before breaking out of the 8200.00 level. If price decides to retrace back to the downside, there will most likely be a bullish 1-2-3 Pattern forming. During a case like this there could be a buy stop pending or an instant execution.
For the long-term analysis we plan on bitcoin going above the 15,000.00 level. Please keep this chart on your watch-list due to the amount of potential it has. You may also notice how the Daily trend is about to change to the upside, which confirms we may be reaching for new highs soon with BTCUSD.
Please register for free at wallstreetknows.com to get more trades and signals.