Btc in 2018 has obviously been in a drowntrend. Whats interesting about the price behaviour, is that in every countertrend movement, it seeks suport arround 6100, 6000 or 5800 usd and retraces to 0.618, literally everytime. With that in mind, i expect that the next upwards move (Counter trend movement) will go as far as 6800 and than bounce back seeking the support level indicated or even deeper lows. Remember that a 0.618 trend countermovent indicates a fragile trend. Thats all for today lads, i hope a gave you all a price objetive for the next up move.
Commentaire:
It was a short up run for btc. Forget the 6800 target, BTC is going to test its previous lows at ~ 6190 where the last run started.