Bitcoin Daily Dose 3/26/19 | Perfect Fib Bounce
The bounce that Bitcoin experienced today was pivotal in keeping this re-accumulation phase alive. Generally, bullish continuations have a solid bounce at their 38.2% line and that’s exactly what happened. I had written yesterday that if we did bounce there I would be surprised if we surpassed $4100 and so far, the high for today is $4064. I am still flat though and the only two positions I’m interested in is a short at $4200 or a long at $3625 or $3740 dependent on pending price action. The trend on this macro triangle as shown in the shade is pretty strong so until we break out of this triangle, we are still considered to be in a long-term range. The longest this can keep ranging for is until June where the apex ends.
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