BitcoinLong
3rd leg up to 6600 in BTCUSD after small retrace?
This is a follow up chart for the BTCUSD prediction.
After we touched the 6200 (1.62 Fib) we look for a modest retracement into the 62 - 72 Fib.
Also the high of the first leg up in this 3 levels push.
Retracement is not necessary in my opinion, might as well rip up without much of a retracement.
But we are at the beginning of the month, so some consolidation is to be expected before the next leg up.
If and when it move up above 6200 again i do not expect a retracement anymore.
Expecting 6600 as next upside target.
After we touched the 6200 (1.62 Fib) we look for a modest retracement into the 62 - 72 Fib.
Also the high of the first leg up in this 3 levels push.
Retracement is not necessary in my opinion, might as well rip up without much of a retracement.
But we are at the beginning of the month, so some consolidation is to be expected before the next leg up.
If and when it move up above 6200 again i do not expect a retracement anymore.
Expecting 6600 as next upside target.
Sultan of Swing
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