Today's New Target Hit ... Again. $BTC #bitcoin #litecoin #forex

Friends,

Another target hit within hours of its release. Obviously, No bearish water is putting out this bullish fire.

However, as indicated at the release of this 676.67 target this morning, a reversal is probable underway (see technical commentary at the bottom of this thread here: www.tradingview.com/v/nIWHo655/).

At this point, and at the risk of sounding redundant to this morning's call, I expect the reversal to be measured at Fib-paces (i.e.: 38.2, 50, or 61.8), although I will wait for details of the model to ascertain a more assuring and precise support determination.

The outlook remains bullish, with a neutral interim while a consolidation completes following the recent ramp-up.

Cheers,

David Alcindor
Predictive Analysis & Forecasting


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