Continuation of BTC Bull Market

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
For the next wave of continuation we should target 9400-9600 before we start to see some real resistance in the market. 9400usd is the 50% fib retrace from the 6000usd low to 11700usd high; expect a battle between bulls & bears around this key area.

Right now the 2hr paints a strong bull market, and we have several hours before the end of the daily candle close, which if the bull continues into the close of the day will paint a nice bullish hammer on the daily timeframe .

Of course this can be invalidated if we break the 8400 level; but it was a perfect swing low as it lined up with the daily pivot and 38% fib retrace from 7240usd low to 9100usd high.


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