BITCOIN TARGETS - FIBO EXTENSIONS
Updated
If we were to set new extensions from the latest lower-low before the throwback to the neckline of the inverse H&S´s and its following breakout, knowing volume is decently increasing as price moves higher, there are three main targets to watch as potential resistances for the rest of July and probably mid-August:
- $7,800 ´s where the inverse H&S´s target is placed refering to basic AT
- $ 8,140´s where price can find resistance at the 127.2 % projection Fibo level
- $ 8,360 ´s which I believe is the ultimate price target, on which a 61,8 % retracement level and the 141.4 % extension level both meet in a magnificent way, almost at the exact price.
I wish I had more time to load up more ideas concerning the Alts I´m following through such as IOTA, EOS, Cardano and Ethereum... I will bring them up soon hopefully.
For the moment, stay safe and wish you the best trades ever.
Mikephicc
Trade closed: target reached
Target accomplished !
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