Bitcoin / TetherShort
Retest ATH 2017?
Updated
- The price of Bitcoin is now in an Ascending Channel.
- The volume and RSI momentum is declining.
- 50% of the V-shape target is range. Often I see BTC hit 50% of the target, then reverse.
There is a chance to see a correction towards the 0.5 eb 0.618 Fib in the short term. The 0.618 would be a nice target, given that the ATH 2017 is also immediately testing for a 2nd time.
- The volume and RSI momentum is declining.
- 50% of the V-shape target is range. Often I see BTC hit 50% of the target, then reverse.
There is a chance to see a correction towards the 0.5 eb 0.618 Fib in the short term. The 0.618 would be a nice target, given that the ATH 2017 is also immediately testing for a 2nd time.
Trade closed: target reached
Target was almost reached, so I closed it manually
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