Nuseii

Tale of Bitcoin's Current Battle

Long
OKCOIN:BTCUSD1W   None
4
We are currently in a strong uptrend from 230.
To maintain this bullish nature and bring bitcoin back from the dead we will need to Beat the following targets:

311/316/331/336/350

There are interim fibonacci targets/harmonic targets listed.

We need to remain unbias and wait for price validations/rejections and for that we have a Bear scenario as well.

Our bear targets are:

290/286/275/268/263

Once we are under 260 we are once again under a key equilibrium point and have returned to sub-optimal dead-cat bounce levels.

I'm long, but you should make your own case as time develops and in conjunction with your own analysis.

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