Bitcoin Retrace Over?

Bitcoin (BTCUSD) took a two days break and is starting to bounce.

It is challenging EMA10 right now after a false breakdown below the 0.786 Fib. retracement level from the last bullish wave.

If BTCUSD can remain above EMA10 ($8057), this is a good signal telling us that it is likely to go higher.

But if BTCUSD moves below $7993 (0.786 Fib. retracement support), it can easily below lower (red arrow).

To the upside, the next target is sitting at $8168 followed by $8225 (short-term).

Depending on how these levels are handled, we focus on what happens next... What's your take?

Namaste.

Commentaire:

Holo Above Resistance | Massive Growth (100-360%) Ahead

NEM High Volume Breakout | Moving Now! (XEMBTC)

Nexus Ascending Triangle w/ Support & Resistance Levels

Cocos-BCX Chart Analysis w/ Targets (115% Potential Profits)

NeoGas Is Next | Massive Bullish Action Continues

DATABTC |

Commentaire:

Steem Says Bullish All Across | Over 100%+ Short-Term

Can Grow 50%+ | Ripple Gains Momentum vs Bitcoin

Bread Goes Straight Up | Next Target 30%+

Aeternity New ATL Hit | Trade Inside/Active (2,000%+ PProfits)

Commentaire:

Chiliz Grows Over 100% On Low Volume | Targets

Contentos Breaks Above EMA10 | Can Do 30%+ Easy