BTC has been hit on all fronts lately with FUD from China and Korea and the price action has taken a negative affect from recent news. Upcoming fundamentals for Bitcoin are too strong to give into the bubble hype with lightning network adoption just over the Horizon. After some backtesting I came across another bullish fractal which is likely to play out again here. Bitcoin is a short play for now with the best long opportunity likely to present itself at the base of the inverted head of the reversal pattern at $8,900.
Kommentar
⋅
I am long on Bitcoin @ $9,500. My target for 2018 is 35k in Q1 - Q2 2018.
Kommentar
⋅
BTC Update - Adam and Eve reversal visible on higher time frames for Bitcoin. Needless to say this is a very bullish signal. Kumo twist breakout a likely play. Downtrend resistance broken. Everyone will see something different, but its bullish anyway you slice it.