Mahesh_Kadam

$BTCUSD POSSIBLE TARGETS

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Hello,
$BTC is currently trading around $36600 range and is a consolidation phase. Lots of backorders must have been placed in this range for both the sides.

- If symmetrical Triangle breaks to the upside with strong volume behind it, then we may find three targets around $42000, $47000, and $54000

- If it break downward, then there is not much support on the down side. It may face support at $30000, but once it breaks that level then we may see targets around $20000 and $16000
Comment: As discussed earlier, expect some bounce from here and then it will decide the direction....stay tuned

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