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BTC - Fake pump - Fractal target of $5577
Bitcoin
Short
BTC - Fake pump - Fractal target of $5577
By Alteroc
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Updated
Jun 29, 2018
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Jun 24, 2018
Dear community,
Fractals worked great so far, here is another one.
See how without any modification it fits perfectly fib level.
I do believe $5570 is a great reversal level since it's the 0.618 fib level based on a Fib speed resistance fan from 2013.
All the Best from the Crypto Space
Alteroc
Jun 25, 2018
Note
Stalking this narrower falling wedge in formation:
Jun 25, 2018
Note
Everything is on track so far.
I expect the downward movement to resume within 48 to 72 hours.
Jun 25, 2018
Trade active
Jun 29, 2018
Trade closed: target reached
The fractal did its job and downward momentum resumed as expected.
New update on my profile page ;)
Beyond Technical Analysis
BTC
BTCUSD
BTCUSDT
Chart Patterns
fib
Trend Analysis
xbt
Alteroc
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