rastaknight

BTC USD: Buy the dip !

Long
BITSTAMP:BTCUSD   Bitcoin / Dollar
Hello Everybody,

I just wanted to share the big picture of BTC /USD chart to get an idea of where we are and where we are going.

One can see that the 0.236 Fibo channel line (the red line) is a good support. The price did bounce on it effectively int the previous 2013 and 2017 bullruns and it did yesterday too.
In addition, the current bullrun trendline (the yellow line) is also a good support still. therefore we are very likely at a super strong support area which makes a kind of "Buy the dip" zone!

The Fibo channel, the Fibo circles & the Fibo extension tend to target of a minimum of 200K USD by end of 2020 with a peak around 400K USD.
The time cycle seems to match.

This sounds very bullish but at the same time very doable considering what we got with the previous bullruns.

Thank you and good luck to you all everybody!

Cheers

N.B: Please note I am just sharing ideas and this should not be considered as a financial advice.
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