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Bitcoin resumes the longer term bull trend at last [Video]

Bitcoin resumes the longer term bull trend at last [Video]
Jason SenJason SenDayTradeIdeas.co.uk

Bitcoin hit hugely important longer term Fibonacci, trend line & moving average support at 58000, back in late June.

Since then I have been waiting for the longer term bull trend to resume.

Finally after building an inverse head & shoulders base, Bitcoin has resumed the bull trend.

We have beaten the 23.6% Fibonacci level of 73929 for another buy signal & are expected to target 77800/77900 then 82000/83000.

BUt eventually I expect Bitcoin to retest the all time high at 126000.

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Author

Jason Sen

Jason Sen

DayTradeIdeas.co.uk

Jason Sen began his career in the options pits on the trading floor of LIFFE in 1987 at the age of 19, making markets on his own account. In 2001 when the trading floor closed he successfully made the transition to day trading on computer screens.

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