ohenrik

BTCUSD enters resistance zone 4600-4700. Will it break?

Long
BITFINEX:BTCUSD   Bitcoin
We are now up against the 4600 to 4700 resistance area. It has historically been strong and we might see BTCUSD once again go down, but I'm optimistic about it breaking through.

If we close above 4700 we will most likely see a steep uptrend towards the previous top at 4900, and after that who knows? Maybe the moon! :)

So I'm not sure about what target i would go for after 4900, but 5100 might be a possible resistance as these waves seems to move 200 at a time, but i would love some input on this.
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