Like2Move

Targeting to 4500

Panjang
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BITFINEX:BTCUSD   Bitcoin
Need to overcome resistance at 4300 and 4400. Targeting to strong resistance at 4500 (fib 0.764 retrace from 2970 low).
Komen:
BTC losing steam - likely, bulls are a bit tired.
Komen:
I expect some retrace down from the 4400 resistance. Another reason is that the 1-2-3-4-5 pattern (likely) has been completed. If the bottom appears at 4100, the move to a new heights will continue. A drop down to 4000 can mean the continuation of a move down.
Komen:
Target 4500 reached. Imho, there are indications that the correction is already here.
Komen:
Probably, the trend line of the uptrend will be broken. But bounce up to 4340 expected.
Penafian

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