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Tale of Bitcoin's Current Battle
We are currently in a strong uptrend from 230.
To maintain this bullish nature and bring bitcoin back from the dead we will need to Beat the following targets:
311/316/331/336/350
There are interim fibonacci targets/harmonic targets listed.
We need to remain unbias and wait for price validations/rejections and for that we have a Bear scenario as well.
Our bear targets are:
290/286/275/268/263
Once we are under 260 we are once again under a key equilibrium point and have returned to sub-optimal dead-cat bounce levels.
I'm long, but you should make your own case as time develops and in conjunction with your own analysis.
To maintain this bullish nature and bring bitcoin back from the dead we will need to Beat the following targets:
311/316/331/336/350
There are interim fibonacci targets/harmonic targets listed.
We need to remain unbias and wait for price validations/rejections and for that we have a Bear scenario as well.
Our bear targets are:
290/286/275/268/263
Once we are under 260 we are once again under a key equilibrium point and have returned to sub-optimal dead-cat bounce levels.
I'm long, but you should make your own case as time develops and in conjunction with your own analysis.
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