BTCEUR Log scale indicates that price is on a trendline.
Breakthrough distance indicates that price will go to 3000 (EUR) which is a good target to reach.
BTCUSD, with fibbonaci level 1.272 indicates that price will go up to 3200 (USD)
Amateur trader and analyst. My analysis is not professional. Trust at own risk.
BTCUSD on the Montly and Weekly chart is overpriced a little too much. BITCOIN has a lot of potential, but it should traceback to maintain before going up.
The 3 arrows show 3 major resistances where BTCUSD should bounce back off, which is in the 1200-1300 area.
The reason BTC has grown so much these past days is possibly because of the fear factor from the...
