Bitcoin - Where..... Why..... When

in #bitcoin • 5 years ago

Where! - The biggest orders currently sit around $8500US per the GDAX order book

link - http://s1.bookmap.com/?id=5d37e4f87865b

Why! - Its the 50% Fibonacci retracement and along with the 61.8% retracement around $7250US potentially offers the best value area to catch the next move up

link - https://www.tradingview.com/x/pAm7mv2v/

When! - In simplistic Elliot Wave theory if Bitcoin Mirrors a similar impulse move from point 2 to 3 as it did from point 0 to 1 then we should be at $20000US shortly after January 2020

BTCUSD - Primary Analysis - Jul-24 1606 PM (1 day).png

cheerio
FXcrypto

#crypto #trading #cryptocurrencies #forex
5 years ago in #bitcoin by
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     5 years ago 

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