BTCUSD Stop or Target Accordingly
Good day my fellow traders!
Regarding Bitcoins Current Position, There is a rough Trend-line from the beginning of the Bull market,
We already bounced from that line two times now. From the current position of Bitcoin there are 2 possible scenarios.
*Purple line is the Trend-line from the beginning
*Red is fib 0,236
*Thick Green is Trend Resistance from May, which turned into a support now (broken 5 Nov)
Make stops and profits accordingly.
Best of luck!
Regarding Bitcoins Current Position, There is a rough Trend-line from the beginning of the Bull market,
We already bounced from that line two times now. From the current position of Bitcoin there are 2 possible scenarios.
- Bitcoin reaches 20.000$ before making correction
- Bitcoin breaks the trend line and finds support at Fibonacci 0,236 = 16.800$
*Purple line is the Trend-line from the beginning
*Red is fib 0,236
*Thick Green is Trend Resistance from May, which turned into a support now (broken 5 Nov)
Make stops and profits accordingly.
Best of luck!
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