BTCUSD short term target

١٦ سبتمبر ٢٠١٧

The short term target for BTCUSD is 4700 according to the Fib retracement.

١٧ سبتمبر ٢٠١٧

ملاحظة

We successfully tested the Fib level .5 (3500) and move toward Fib level 1 (4040) which is the first resistance.

١٨ سبتمبر ٢٠١٧

ملاحظة

Everything looks good so far and we expect the range 4400-4700.

١٩ سبتمبر ٢٠١٧

ملاحظة

If you will look at the BTCUSD dashboard you will see that the sentiment is extremely bearish. I consider the current situation as a consolidation phase needed to cool off and natural after a significant rise.

٢٠ سبتمبر ٢٠١٧

ملاحظة

We have a consolidation in the range of fibo 0.786-1. It may continue for a couple of days.

٢١ سبتمبر ٢٠١٧

ملاحظة

The price dynamics looks threatening. We had a support at fibo 0.618 (3684) for now, but need to see if we will break through the blue trend line.

٣٠ سبتمبر ٢٠١٧

ملاحظة

We are in wave v of wave 3 of cyle wave V. Next target range is 4550-4900.