BTC - H1 - Bitfinex - Double zz or X
BTC and correction zone 61.8%
As you can see, the BTC did not follow the Harmonic stop at the 50% Fibonacci level which corrected the correction trend zone at 61.8% another Fibonacci level. This is still in our data. The reason for the BTC correcting an additional x segment in the Zigzag double correction region in this region. Target 6795.6 (100%) and 6348.4 (161.8%).
This $ 6800 price is extremely important, the hardest correction band on the H1 chart that the BTC has defined. This area is assessed by market tomorrow (5.8.2018).
Given the current situation, support areas are strongly supporting the ongoing price increase of BTC. Our next target price is $ 11289.7.
We look forward to the BTC tomorrow. The price tomorrow will determine the price of BTC and BTC trading area over the next few months. If the data is correct, BTC will move up to USD 1xxxx in August.
Note that this price range is extremely sensitive, so we recommend placing a stop loss just below the buy. Trading is recommended as follows:
EP: 6795.6 USD
TP: 9575.6 USD
TG: 11293.8 USD
SL: 6700 USD
See you on the news tomorrow, and we hope to have good news instead of the X-wave news on the area under $ 3000.
Wish you successful trading!
[Team Trade +]
As you can see, the BTC did not follow the Harmonic stop at the 50% Fibonacci level which corrected the correction trend zone at 61.8% another Fibonacci level. This is still in our data. The reason for the BTC correcting an additional x segment in the Zigzag double correction region in this region. Target 6795.6 (100%) and 6348.4 (161.8%).
This $ 6800 price is extremely important, the hardest correction band on the H1 chart that the BTC has defined. This area is assessed by market tomorrow (5.8.2018).
Given the current situation, support areas are strongly supporting the ongoing price increase of BTC. Our next target price is $ 11289.7.
We look forward to the BTC tomorrow. The price tomorrow will determine the price of BTC and BTC trading area over the next few months. If the data is correct, BTC will move up to USD 1xxxx in August.
Note that this price range is extremely sensitive, so we recommend placing a stop loss just below the buy. Trading is recommended as follows:
EP: 6795.6 USD
TP: 9575.6 USD
TG: 11293.8 USD
SL: 6700 USD
See you on the news tomorrow, and we hope to have good news instead of the X-wave news on the area under $ 3000.
Wish you successful trading!
[Team Trade +]
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