BitcoinLong
bITCOIN mADE gOOD cONSOLIDATION bEFORE bREAKOUT! watch out..
Hi..
Just want to update my view on Bitcoin today..
This morning Bitcoin made 2 important touch on it's consolidation area (the triangle).. First touch this morning was the false breakout to the upside, then right after that false break, price went down and touch the lower base of the triangle.
The triangle itself going narrow and narrow, and it will determine where will the price goes next.
I have two possible scenario for now.. (you can have a look on the chart), one is BTC is consolidate a liitle more on the triangle before take off to the target (see TARGET 1 and TARGET 2 on chart), or it would break the lower trendline and goes to next fibo level 61.8% before it goes up.
I don't think there are any other scenario for now.. good luck everyone!
CHEERS!
Just want to update my view on Bitcoin today..
This morning Bitcoin made 2 important touch on it's consolidation area (the triangle).. First touch this morning was the false breakout to the upside, then right after that false break, price went down and touch the lower base of the triangle.
The triangle itself going narrow and narrow, and it will determine where will the price goes next.
I have two possible scenario for now.. (you can have a look on the chart), one is BTC is consolidate a liitle more on the triangle before take off to the target (see TARGET 1 and TARGET 2 on chart), or it would break the lower trendline and goes to next fibo level 61.8% before it goes up.
I don't think there are any other scenario for now.. good luck everyone!
CHEERS!
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