As you can see from my previous bitcoin trade, these earlier support levels are holding well, so I expect this level to do so as well (see below).
Using this pattern we set are looking for a TP of $11,180, with a stop loss at a minimum risk/reward of 1:2. In this instance I am specifically using 1:3 as this gives us a greater return, and the stop-loss is still below the previous level of resistance.
B = 0.786
C = 0.382-0.886
D = 1.618-2.24
X to D = 1.272
This move has already begun but should be good to go if price is to re-test the $8200 mark. I'll be updating as I go!
Have a good weekend everyone. :)