IT'S TIME - Retracement Incoming
We've seen crazy amounts of growth within the past few days and as a lot of us believe, we are well due for a retracement at this point. Due to Bitcoin being incredibly bullish lately and how huge of a year 2018 will be for Bitcoin, I can see 2 scenarios occurring before reaching new heights again.
Scenario 1: we see a retracement to the 0.236 level at around $9400 before another upward bounce.
Scenario 2: we see a retracement to the 0.382 level at around $8100
Either way, we are due for a correction and as some have said, this is an exact repeat scenario of 2014. For me, anything below 10k is considered "cheap" and I suggest getting your buy orders ready before we never see sub-10k again.
Scenario 1: we see a retracement to the 0.236 level at around $9400 before another upward bounce.
Scenario 2: we see a retracement to the 0.382 level at around $8100
Either way, we are due for a correction and as some have said, this is an exact repeat scenario of 2014. For me, anything below 10k is considered "cheap" and I suggest getting your buy orders ready before we never see sub-10k again.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.