btc daily 280918

in #bitcoin6 years ago

The next short term target is the dotted green line at 6440.

The green trend sections have created a triangle within the larger orange triangle.
This green triangle is part of the orange trend section, which should find its end at the dotted orange line.
Therefore a breakout from the green triangle can be expected upwards.

Overview price targets:

  1. green : 6440
  2. orange : 7180
  3. blue : 5000
  4. pink : very close to blue, not drawn

Interpretation:
The upward breakout from the orange triangle will be recognized as a false breakout once the price falls below the orange triangle, heading toward the dotted blue line.
The dotted blue line is the long term target.

Coin Marketplace

STEEM 0.19
TRX 0.17
JST 0.030
BTC 80568.31
ETH 3220.00
USDT 1.00
SBD 2.80