Bitcoin
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BTCUSD short term target

The short term target for BTCUSD is 4700 according to the Fib retracement.
Uwaga
We successfully tested the Fib level .5 (3500) and move toward Fib level 1 (4040) which is the first resistance.
Uwaga
Everything looks good so far and we expect the range 4400-4700.
snapshot
Uwaga
If you will look at the BTCUSD dashboard you will see that the sentiment is extremely bearish. I consider the current situation as a consolidation phase needed to cool off and natural after a significant rise.
Uwaga
We have a consolidation in the range of fibo 0.786-1. It may continue for a couple of days.
snapshot
Uwaga
The price dynamics looks threatening. We had a support at fibo 0.618 (3684) for now, but need to see if we will break through the blue trend line.
snapshot
Uwaga
We are in wave v of wave 3 of cyle wave V. Next target range is 4550-4900.
snapshot

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