Aerot

BTC Daily - Bottom Breakout

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
With the most recent price action off of lows, we have pushed above the 200 D EMA .

We now see resistance sitting with the 200 D volatility adjusted moving average at ~5600$
We may be able to push through to this level, but this looks like a good area for a healthy retracement b/n the 0.382 and 0.618 ranges.

Most likely we find support ~4600-4800$ back around the 200 D EMA .

*Note - retracement zone is based off my own perspective of the current minor EW count.

Comments



Not quite as far of a correction as I had imagined.
Nonetheless, we continue to push forward into resistance @ 200 D volatility adjusted moving average.
Let's see if we get through this time.
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