LONG – $9.1k target short term – 0.786 fibs & trend

LONG – $9.1k target short term – 0.786 fibs & trend

Bitcoin / Dollar BITFINEX:BTCUSD


Looking bullish holding above the 0.786 fibs, beware of false drops to wipe some longs or possibly a double bottom , look for higher lows in smaller timeframes for confirmation of a reversal.

we need to break trend and hold above $7.8k so there should be resistance there.