According to Fibonacci Retracement & its corresponding Fibonacci Extension, IF the $2,200 was the lowest for price to go from which price continues upwards, then the price will rise to at least $2,900 with time while being resisted even by $2,800.
Entry is Long is best when & at a retracement dip.
Minor pullbacks seem to have to occur for such higher price, meanwhile price is rising as I see Traders Dynamic Index (indicator window) pattern occur again.
You see I circled areas the RSI (Green line) bounced off and signalled bull trend continuation off of level 50, & price upon Supertrend line (green price line support) (June 1-4, 2017)
I believe price movement is currently most like that of June 1st. Price will continue to rise as Traders Dynamic Index signals continuation on my chart only, because the indicator...
May 30 2017
Good day to everyone,
We posted a few updates last week for Bitcoin and highlighted a reversal to lower levels. So far there was a nice deep pullback which we firstly thought it may come to an end soon, but after reviewing daily and intraday structure, we think that there can be more weakness or at least sideways price action within current...
