The most recent W pattern shown on our 4hr Chart gives us a Entry Point for the neckline of the breakout at the price of $61,050 coinciding exactly with out 1.618 Level. Giving us our first target price of $62.861 and using the neckline to the lowest wick on the W pattern gives us our second target price of $63,640.
Always of course, taking profits off of the table before our price target. this trade in particular I am person going to hold open. After taking a small amount off of the table and adjusting my stop loss to the break even mark, making it a free trade, easing the emotion and attachment to the trade itself, freeing up funds for other potential opportunity's ahead.
This Is still very and I am still very on Bitcoin . Being a new ATH , we could see our target almost immediately and significant moves for BTC today with possible sights of $65k before the week is out.
What's Your Thoughts??!
Currently holding around the $63.5K area. with a slight drop upon the US market open. With the approach of the Coinbase IPO due we should see some significant moves within the price of Bitcoin and Potentially the rest of the cyrtpoeconomy.