BTC not done just yet. currently riding up on fibs

Bitcoin / Dollar BITFINEX:BTCUSD


There has been a lot of argument around whether BTC             is currently on a larger downtrend and in a B wave, or beginning a new cycle in wave 1.

Either way BTC             has been riding the .75 fan fib support line for some time in an ascending triangle .

This looks to continue for some time yet, but keep an eye out for fib support breaks and the beginning of retrace of corrective wave.

By admin