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TiborVrbovsky

Bitcoin has posted a Bullish engulfing.

Long
Bitcoin (BITSTAMP:BTCUSD)  
TiborVrbovsky  
BITSTAMP:BTCUSD   Bitcoin
Support and Resistance BTC BTCUSD Bitcoin (Cryptocurrency) bitcoinforecast Engulfing Candle bitcoinlong BTCUSDT btclong btcusdlong
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supportandresistance btc btcusd bitcoin bitcoinforecast engulfingcandle bitcoinlong btcusdt btclong btcusdlong
Hello, this is just a short analysis.

Bitcoin has started positive on the day and posted a Bullish engulfing yesterday, heading towards a positive week. I expect a correction to the upside to happen.

Target is at 20 EMA, currently at $24800.

Bitcoin has also found Fibonacci support at 0.786, 78,6% retracement at $17600 from $69000 to $3850.

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