gusi

BTC WEEKLY FOR 2018

Largo
gusi Actualizado   
BITFINEX:BTCUSD   Bitcoin
This is a simple chart based on yearly fib levels to find our targets for the next bull run (if there's one).

Things that lead me to believe bottom is in:

200 Daily MA finally got hit after more than 1 month of correction  
Comentarios:
the week I posted this chart price went below the blue 200 day moving average and pink line but it managed to pull back and close above them (reversal candle) even though I have stayed neutral ever since and decided to wait a few weeks to see the chart develop a little more.

Price has made higher lows ever since the bottom at 6k and is now heading to a key resistance level at 12K (we had a lot of accumulation there before the dump).
a weekly close above 12k would be bullish, price should maintain making higher lows on the 4hr/daily timeframes.

Exención de responsabilidad

La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.