BTC/USD - Symetry

3 במאי 2019

I would not be surprised if Bitcoin will get well deserve break in this uptrend. Taking on the account the past symmetry (blue) a similar pattern would emerge from this point. Possible retrace to the $5,100-$5,200 area would be very healthy. Moreover, so far 1.272 is acting as a resistance. If Bitcoin will pass that, then 1.618 at $6,000 level should also be on the cards.

Please let me know your thoughts on the above. I am happy to share my analysis if you find it interesting.

Regards,
Piotr