curnctrades

BTCUSD - Next Moves?

BITFINEX:BTCUSD   比特币
I'll admit, it's anyone's guess right now with these crazy bull runs. However, we hit the 786 fib extension and I believe it's unlikely to make it all the way to the full extension without retracing first. Too much too soon! It looks to be a perfect setup with the full fib extension intersecting the trend line of resistance within a time reasonable time frame to complete that move. I'll be sitting out and looking for a retrace to the 618 or 5 fib levels in the short term. Of course, price could dabble in between fib zones but this isn't anywhere that I would want to get into a trade. No positions here without multiple signs of confirmation, the current market has proven that anything is possible! Good luck everyone
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