Bitcoin 3 levels

12 Şub 2018

Three key ranges for bitcoin:

• $~8.8k-9k = 50% retrace of 28/1 -> 6/2 decline.
  50% pitchfork level. 17th January low, 10th February high.
  
• $~9.5k-10k = 61.8% retrace of 21/1 -> 6/2 decline. 3rd February high. Top end of pitchfork. 50% retrace of entire bitcoin market.
  
• 7.8k-8k = 200DMA. 2nd February low(which was significant break of (8/11/2017 high). Median pitchfork level(previous swing lows 9/2 + 11/2)
  

Remaining bullish for now after breaking back above 200DMA.
Changes in retail sentiment (net long positioning dropping as we bottomed out) another bullish indicator
Will keep updating along the way as we test levels

13 Şub 2018

Not

Failed at the first level again. Coming to s1 and .236 retrace

13 Şub 2018

Not

.5 retrace & .25 pitchfork level providing short term support

13 Şub 2018

Not

And pivot providing res in the short term

13 Şub 2018

Not

Pivot been strong all day

14 Şub 2018

Not

Same res being hit with R1 & now forming triangle

14 Şub 2018

Not

Squeezing through 10th feb high into 17th january low

14 Şub 2018

Not

Sorry switching charts just have different versions. Looks cleaner here. But eyeing up the 2nd target. the 61.8% retrace, 3rd feb high, median pitchfork & the big 50% retrace of range.

14 Şub 2018

Not

15 Şub 2018

Not

And now we're attempting to break this key level. Need a firm daily break above it

15 Şub 2018

Not

Strong pullback from that level

15 Şub 2018

Not

Spike above 10k. Need a daily close above it to then target ~11k & the 100DMA

15 Şub 2018

Not

Narrow channel up. Break and re-test of this 50% retrace of entire range