After a few days of a Bull triangle pattern , Bitcoin may finally break out. I'm looking at the yellow 6770 fibonacci level as the next resistance line, using the Trend Based Fibonacci Extension tool based on a low of 5150 from the BCH pump a few days ago. This is probably a good time to short an alt against BTC!
Please follow me if you find this useful. I'm still new, but thus far all of my charts have been accurate. :)
@neuromancer, Well done!! I'm kind of new in trading... sold my BTC when it was going down at 7.400$... and was planning to buy in again at 5050$. Thought it would find there a strong support line. But in the event of this weekend, it seems that BTC did find a support zone a bit above the 5150$ for one minute and is back on moving up. So do you think it still has to go down to 5200$ or should I buy back in now? Very difficult that simple plan of buying low selling high :-)
@Kozmozostis, buying in now seems risky. I would wait for a price drop, but who knows, it could continue to go up. If you're feeling FOMO, then maybe only invest a few hundred so that your loss isn't too big if it suddenly corrects back to $6900 or something.