Take-off bitcoin. a possible scenario for the growth of 7700 in the near future

in #bitcoin6 years ago

The first thing I noticed is the signs of a bearish divergence, and also the MASD made the cross go down. Next, I found that we fought off level 1 on Fibonacci and are heading to the level of 0.786. This is an important level, since this level intersects with the last line of resistance. I also noticed that we are on the fourth korektsionnuyu wave by Eliot. If this is the case, then another jerk awaits us. I also see a positive movement according to candlestick analysis.

If the 0.786 Fibonacci level is broken, then in my opinion we are expected to fall, possibly to the level of 6000.

Conclusions: I expect a short-term decline, with further growth to the level of 7700.
On the chart, I also set the levels for short sales and possible bottom. I recommend buying and selling parts according to Fibonacci levels. To all happy trading)Без названия.png

You can see the idea here https://www.tradingview.com/chart/BTCUSDT/n2kam5n9-BTC/

Write in the commentary what you think about it and where the price goes

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