RenfroS

BTC Retracement

Long
BITSTAMP:BTCUSD   Bitcoin
Not super obvious what price is doing but if you bump out to higher time frames.. the weekly chart is touching a 38% retracement area. Daily view is touching a 21 EMA. Looking at re-entries moving up to secure more pips. I'm going to be looking for my next buys after breaking the channel we are on now. Once price breaks current highs I believe based on the fibs that next week or the week after we will be headed for $66,500 price range which is the -27% on the week view.
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