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abdullatrader
Oct 21, 2017 7:56 AM

Bitcoin to $6300 Long

BITSTAMP:BTCUSD60
Bitcoin / U.S. dollarBitstamp

Description

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Hello traders,

As you can see, BITCOIN has no more resistance zones as yesterday it broke all time highs

Lets watch Fibo retracements for the next few targets: 6220 and 6300

Its important to trade over the support line (that was once a resistance zone)


Good luck!

- Abdulla

Comment

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BTC has bounced back from he support line

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targets still active!

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Support is still STRONG!

Trade closed: target reached

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Comment

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We had a bearish pattern that was never activated because the neckline did not break. Bitcoin reached its target!
Trend AnalysisChart PatternsBeyond Technical AnalysisBTCUSDbtcusdlong
Comments
MR.Omar
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May Allah reward you well
abdullatrader
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@MR.Omar, Thank you for your kind words :)!
monguilhot
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Im in with stop loss of 1%... I think that is the unique coin that is playing for traders this next days... FORK, the "new" way to make money. :D
dsmith091100
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its gone south bro, do you still think it will go to 6200-6300?
Thanks
abdullatrader
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@dsmith091100, It currently bounced really well from the support line that is highlighted in the chart. As long as its trending above it, the price targets are still valid.
CryptoNo0b
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@dsmith091100, We're still two days far from '25th', so yes, it may rebound. I don't really see a reason for mass dump before BTG fork.
rludvik
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As always, simple and clean. I like it very much!
abdullatrader
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@rludvik, Thanks
Benjamix
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I like the way you think @AAlFadhala
abdullatrader
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@Benjamix, Thank you. The main reason why I keep sharing my ideas is to deliver the way I read charts and for you to spot that is very smart of you, thanks again!
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