- 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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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.