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Bitcoin: Continues the Primary February Channel


Respecting the earlier formed primary channel, bitcoin refrains from breaching the key support level around 8200 i.e. Nov 20-23, 2017. In fact, the same level is now a Fibonacci level (0.382). This bullish looking swing was predicted around March 9 through Fibonacci Time Zone Extension and it worked as a first bottom above the key support. This bullish move sets another tone by breaching through the earlier lower high i.e. 9506. Whether bitcoin is heading towards 11700 or not, I am already long. Will take profits throughout this journey just to lock them!

Bitcoin: Continues the Primary February Channel by cryptoshort on TradingView.com




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Update: March 12, 2018(10:10 UTC)

 The engulfing bullish reversal & breakouts continues after forming a descending broadening wedge, which is typically a bullish reversal sign. Thus, my longs remain open & will progressively take-profits at subsequent resistance levels. 


 
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