btc daily 300918
The current short term target, marked with a dotted green line is at the upper border of the green triangle.
This is also the upper border of the blue triangle.
Interpretation:
Since the price is captured in a blue triangle, blue and orange price targets are dismissed. Just the price target of a higher order, pink, is drawn for orientation where the price might go.
Overview price targets:
- green : 6750
- orange : dismissed
- blue : dismissed
- pink : 5000
