Bitcoin prices for 9/27
Here is a quick review for bitcoin (BTC) prices
I should be providing a more in depth review and there has been good action but I need to be somewhere else in a few minutes. Maybe later I will talk about it more
Below is the 4-hour chart
Today we passed the swing point on 9/18 with volume. This confirms a ABC pattern to test the next swing and Fibonacci expansion at $4,461.
Now as I am writing this the daily chart has not confirmed the breaking of the D point (based on volume) but the day is not over so maybe later I will look at it to see what the volume is. I think the daily will be confirmed.
So I believe that we are headed higher. If you want and entry point now is good with your stop around $4,050. For those that entered around the 50% retracement. tighten your stops to make sure you capture a profit.
Comments and questions welcomed.
Ok, after looking at the daily stats I see the the 4-hour chart shows increasing volume at the D-Point for the confirmed ABC move. The daily chart fell a little short on the volume statistics so there is a little divergence in the price action. We will be back tomorrow to she what happens over night.
So you think we should sell around $4450?
There is a magnet pulling price to that level. I dont know where you got in but take your profits when you need to and wait for the next opportunity.
In at $2500 or so and road it up, then down, don't want to repeat that action again!
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