ontrend

BITCOIN 4 WEEKS - FIBONACCI FORECAST

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BITSTAMP:BTCUSD   Bitcoin
Let's take a look at a lesser used form of Fibonacci - Spirals! Trend is still very bullish as everyone can see. We are testing highs again over the next few weeks. Three things can happen - consolidation through the Resistance Area, or a change up or down to the Target Area or Correction Area. All the signals are pointing to the price moving UP. My position is Long and I don't see the Bulls getting shaken out of this pattern just yet. My suggestion - HOLD LONG. More updates to come. Cheers - Bryant
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