Raul_Dominguez

Bitcoin Short Term Profit Taking Level

BITSTAMP:BTCUSD   Bitcoin
BTCUSD

A typically level of support or resistance is general the 38.2% Fibonacci Retracement Level, which in this case, if we take out the entire Bitcoin Bear Market, is the $9,457 dollar level per Bitcoin.

Given the powerful uptrend we have right now, I will be expecting this level to be reach between 1 and 3 weeks, after that I will be expecting several weeks of consolidation, and maybe a price retracement to the $7,000 to $6,000 USD level, something like that.

It could go above $10,000 or just the lows $9,000. I will be looking to unload around the $9,500 level and reenter Mid-June.

That is my point of view.

Good Luck in your decisions.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.