BITCOIN (BTC) Completing a Bullish Flag...Fibo 1.618 Target of $6,200

in bitcoin •  7 years ago 

SUMMARY

Bitcoin (BTC) is almost done completing a bullish flag (two white lines). This pattern is a continuation pattern and allows prices/demand to regroup to attempt at rising again. Given the near vertical move last night, these consolidation patterns also show ebing of buying demand and if $6,200 is hit, I'd be curious how much more buying mojo might be left.

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Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**

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7 years ago by

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    • [-]
      ·  7 years ago 

    hey @Haejin wow things change so quickly. I thought I had been wise laddering out between $4800 - $5100. what is primary count now ? if it hits $6200 are you still expecting a drop to bottom of wave IV or is that now invalidated and we are in wave V ? trying to work out when to reenter cheers

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    1 vote
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      ·  7 years ago 

    Hi @haejin, how do you think is going to affect the bitcoin drop to Dash? Can you have a look? Very much appreciated !

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      2 votes
      [-]
        ·  7 years ago 

      Liftoff!

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        1 vote
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          ·  7 years ago 

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          [-]
            ·  7 years ago 

          Media did they job well. Money is coming in. 🙌

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              ·  7 years ago 

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                ·  7 years ago 

              Name of the game.

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                [-]
                  ·  7 years ago 

                We all knew this may happen. Time to be on the edge of our seats and collect those profits!
                If BAT drops down to $.10 again, that may be a good time to stock up on some cheap coins!!!

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