Bitcoin update. BTC-USD on December 26, 2018December 26, 2018
The main graph is drawn in a hurry, but on the whole the message should be clear: we are rolling back slightly in order to build another wave of growth.
If we consider the 4-hour scale in more detail, the price can roll back to the level of Fib 0.618, where good support can be seen, from here we have good chances to rebound and move upwards, thus forming the right shoulder of the inverted head and shoulders. For a further positive scenario, the price should overcome the resistance of the “neck” of this figure, the range is about 4400, which will give the market the strength to move to test 5000. Considering the possibilities of Fibonacci resistance and the wave theory, target diagrams are highlighted on additional charts. we will move to the area of resistance around 5000.