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CipherR

Dip to 15300 levels to complete 4th wave before up to 26000

Long
Bitcoin (BITSTAMP:BTCUSD)  
CipherR Aggiornato   
BITSTAMP:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Wave Analysis
4
0
trendanalysis chartpattern waveanalysis
Fibonacci retracements show a dip to 15300s is possible within the channel to bounce off the bottom of the channel and start wave 5 up to 26000 levels. A higher low of the 1D RSI would continue bullish trend. Short term trades for possible shorts. Long for swing trades.
Commento:
A break of the trend channel would increase likelihood of retracement to 61.8% fibonacci levels at 11200 as indicated by cypher patterns.
Commento:
Using a log scale, 14200 looks more likely. Depends if the RSI dips under the trend line.
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