With BTC latest drop due to recent news from the feds, These are levels to start watching and soon may be possible signals in the future. .017 is at the 1.272 fib for potential bounce.
I Personally do think Long-Term is the move. As we see here is seems we are repeating the may move but in a shorter term.
Another way of seeing it, we could be testing the 100 Day Moving Average since we recently tested the 50 Day Moving Average from our last "Dip" back in September.
If we can bounce where we are now then I do see us flying somewhere around 72k...
This amazing one has recently shown itself this morning, between the coinbase listing and the bitfinex listing, we are about to break this set of resistance @.075 and run to our target @.11!
If broken at @.11, im expecting a good run.
My target price after .11 will be higher @.20!
Enjoy these gains everyone and happy trading!
Recent thread I discussed about the recent support/resistance on our chart.
I found that we have successfully tested for our new support at .07! Double bottomed at the support and even tried double topping but was never able to break the support.
New set of resistance @ .09, If broken we could see potential high around .11!
I am no financial adviser so please...
Recently bought in last night @0.0910.
Failed to continue support at upper highs and is now seeking support as shown here. If continues to climb we will have some resistance or possibly a retrace around .08, after so we will continue seeking a new ath.
Buy zone is around here as shown on chart above.
