Next Target Breaks $10,000
Updated
Next Target Breaks $10,000
I only do this idea because my last one is most likely wrong.
There I gave you 2 scenarios that are not correct, because I assumed that Bitcoin will drop a little further.
Sometimes it's good to hold back and see how the market behaves.
And it looks like the correction is over sooner than expected.
Nevertheless, this is a pattern, which I have already suggested in the last idea, a running flat.
As a result, the yellow box is still the zone where we need to be careful.
In my opinion, despite the drop, there are still many longs open, and as soon as we break the $10,000, it'll be more when I look around Tradingview.
This is the perfect moment for smart whales to sell all their bags so the price should not rise any more.
But we should first see how the market will react.
It is too early to make such a prognosis.
For now, the market should be bullish for a few days.
Note: Altcoins should go up one more time.
I only do this idea because my last one is most likely wrong.
There I gave you 2 scenarios that are not correct, because I assumed that Bitcoin will drop a little further.
Sometimes it's good to hold back and see how the market behaves.
And it looks like the correction is over sooner than expected.
Nevertheless, this is a pattern, which I have already suggested in the last idea, a running flat.
As a result, the yellow box is still the zone where we need to be careful.
In my opinion, despite the drop, there are still many longs open, and as soon as we break the $10,000, it'll be more when I look around Tradingview.
This is the perfect moment for smart whales to sell all their bags so the price should not rise any more.
But we should first see how the market will react.
It is too early to make such a prognosis.
For now, the market should be bullish for a few days.
Note: Altcoins should go up one more time.
Note
To be honest, that could possibly test $9,000 and trigger some sell orders before it goes up. If you want to be sure, wait for a breakout of the trendline you can see below.
Hope you do not panic by it.
Note
I'm sure many have a stop loss below the line and people will start panic as soon as we break it:Note
I am sorry that I am currently changing my mind, usually this does not happen often.But it may actually be that we could experience a heavy drop until May 10, so that one of the 2 scenarios of my last idea will be right.
The reason for this is that a SEC hearing takes place in 2 days.
It's very likely that they talk about regulations on cryptocurrencies if I'm not mistaken (if you know more then write in the comments).
Anyway, I'm still very confident that we will break the $10,000 in the near future.
That's what the chart says - therefore I expect good news short term.
The only question is which target we will see at this correction until the meeting.
Note
I would recommend only to buy, when we break the trendline on Bitcoin (around $9300). Otherwise I would stay away.
But it is your decesion.
Note
Bitcoin didn't break $9,300, but impprtant support of $9,100. Let the psychological games begin.
Watch at the last idea for it.
My Bitcoin Cash targets are at around $1,400 and $1,200
Note
I would just enter, when we break $9,300. Otherwise going to $8,000 area.Note
Wait for a break of 9300 and you can enter. This should be an impulse to break the $10,000.
Note
This is how whales play with emotional people. Never fall in panic,
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.