Bitcoin's Jump In Level - Technical Analysis Details

rasif(57)
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Although I hold some of the bitcoin, I'm always looking forward some key point where I can get into this Bitcoin rally further. Because I usually buy bitcoin in regular interval. So, if you are looking for some key point where you should buy bitcoin then this article might help you.

Screen Shot 2017-08-13 at 2.31.58 PM.png

In this chart you can see that the previous swing was from $877 to $3010. Then the market did some correction around 50% and then again started to move up. And it broke the previous high at around 3010 level and continuing to moving towards fibo expansion level of 1.618 at $4330 level.

Screen Shot 2017-08-13 at 2.33.59 PM.png

After further zooming into the chart, and drawing some fibo, it seems like there's a good chance it will come back to $3260 to $3000 level where could be our potential buy zone.

I'm currently waiting to see if the 1.618 level of fibo expansion hold's or not. If it finds a good resistance level there, then I'll put some buy order to $3260 or $3000 level.

Let me know what do you think about the analysis and I'll be looking forward to here from you guys.. :)

Bitcoin's Jump In Level - Technical Analysis Details | Ecency