Bitcoin

The winner of CME Group’s annual trading competition in 2016 is plotting the long-term course for Bitcoin.





Eric Choe told his 144,000 followers on Twitter that if the $3,000 area was indeed Bitcoin’s bottom, his first take profit target for BTC is from $12,600 to $15,100. The analysis is based on a weekly look at Bitcoin’s past price action on the crypto exchange BitMEX using Fibonacci levels, which help traders gauge how high a price may move after a pullback is finished.

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