TechniBlock

Bitcoin currently climbing fib circle

COINBASE:BTCUSD   Bitcoin
Bitcoin is currently moving up a fib circle inching closer to the larger red capitulation ring. The capitulation ring is the same fib circle taken fro 2017 high to 2018 low and is the same ring we capitulated from in November of last year. I couldn't see us going through 11.3 k on this run up before hitting the ring and ending the B-Rally with a capitulation. If not then we look prime for 17k or higher if we breakout of this flag pattern. The stock market could send a tidal wave of cash into the market running us past 2017 highs. Either way it's minding the fibs and I find it interesting that if you fib from the capitulation point of 2018 to the 2019 highs the .618 has two touches that could be bottom.

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