BTCUSD short term target

16 בספט׳ 2017

The short term target for BTCUSD is 4700 according to the Fib retracement.

17 בספט׳ 2017

הערה

We successfully tested the Fib level .5 (3500) and move toward Fib level 1 (4040) which is the first resistance.

18 בספט׳ 2017

הערה

Everything looks good so far and we expect the range 4400-4700.

19 בספט׳ 2017

הערה

If you will look at the BTCUSD dashboard you will see that the sentiment is extremely bearish. I consider the current situation as a consolidation phase needed to cool off and natural after a significant rise.

20 בספט׳ 2017

הערה

We have a consolidation in the range of fibo 0.786-1. It may continue for a couple of days.

21 בספט׳ 2017

הערה

The price dynamics looks threatening. We had a support at fibo 0.618 (3684) for now, but need to see if we will break through the blue trend line.

30 בספט׳ 2017

הערה

We are in wave v of wave 3 of cyle wave V. Next target range is 4550-4900.