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Juandisimo

Weekly Bitcoin Scenario

Long
Bitcoin (COINBASE:BTCUSD)  
Juandisimo  
COINBASE:BTCUSD   Bitcoin
Support and Resistance Fibonacci Trend Lines Bitcoin (Cryptocurrency) BTCUSD Cryptocurrency Fibonacci Retracement bitcoinforecast bitcoinusd btcusdlong
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supportandresistance fibonacci trendline bitcoin btcusd cryptocurrency fibonacciretracement bitcoinforecast bitcoinusd btcusdlong
Placed my Fibonacci Retracements at the Lowest Low ($3,191.30 on December 15, 2018) & Highest High ($20,089 on December 17,2017)

Bitcoin found support on the 1.618 Fib and made a steady bounce. You can notice the wick rejections leading up to its rally.

Right now price broke the trend line resistance and the weekly MACD is about to cross which also signifies a Bullish move/scenario.

I am expecting Bitcoin to reach previous All Time Highs and break into higher price ranges.

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