UtkuYucel

BTCUSD | IT'S THE TIME NOW -> ROAD TO 20K | Weekly

Long
BITSTAMP:BTCUSD   Bitcoin
As you can see in the chart, the triangle has broken and then a correction wave occured.
Thanks to 20 EMA, the correction wave has ended. Than the price started to rise up again.

First and I think the most important target level is the 0.618 Fibonacci retracement level (13346 $)
If price breaks this fibonacci level, My second target level is the Fibonacci 1 level which is nearly 20K$ price level.

The RSI is nearly 70. So it's overbought in a part.
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