BTC has been hit on all fronts lately with FUD from China and Korea and the price action has taken a negative affect from recent news. Upcoming fundamentals for Bitcoin are too strong to give into the bubble hype with lightning network adoption just over the Horizon. After some backtesting I came across another bullish fractal which is likely to play out again here. Bitcoin is a short play for now with the best long opportunity likely to present itself at the base of the inverted head of the reversal pattern at $8,900.
Commentaire:
I am long on Bitcoin @ $9,500. My target for 2018 is $35k in Q1 - Q2 2018.
Commentaire:
$BTC Update -
Adam and Eve reversal visible on higher time frames for Bitcoin. Needless to say this is a very bullish signal. Kumo twist breakout a likely play. Downtrend resistance broken. Everyone will see something different, but its bullish anyway you slice it.
Adam and Eve reversal visible on higher time frames for Bitcoin. Needless to say this is a very bullish signal. Kumo twist breakout a likely play. Downtrend resistance broken. Everyone will see something different, but its bullish anyway you slice it.