hello friend
I know you all confused why bitcoin are not growing.......?
Friend i am sharing some chart analysis..
Red trend lines are important.
Most important 0.618 Fibonacci level!
In next month we might break 0.786 Fibonacci level (6000$) and come with V shaped bottom at 0.618 Fibonacci (4800$) to make a jump into new rally with possible final target at 1.618 Fibonacci (12230$)
friend conclude this chart, we will add that although everything looks optimistic at this point, drops are still possible. We are in a very volatile, sensitive market with many newer investors that panic and FOMO at every drop to pump. Carefully invest in Bitcoin 0.62% and alts and if you have that option, go LONG, do not do day trading for something that is still worth less then 400 Million. We are nowhere near mass adoption with Wall Street investors lining up to go into cryptocurrency and many companies starting to experiment with blockchain. GIVE IT TIME PLEASE, PATIENCE WILL BRING PROSPERITY TO THOSE WHO WAIT.
Enjoy this trade, advice my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop.
Support is just above $6,100 however drops below that in a quick fake bear flag are possible. From pattern standpoint we are looking at quick uptrend before
Keep in mind that we are looking here at 2-3 month trajectory path, what will happen after it no one knows in the slightest, just be ready guys. If you're in crypto right now, it's same as striking oil, but you just don't know it yet.
