This is not a trade call but my personal short term forecast for bitcoin which is mainly based on analysis of waves and structures of this instrument.
I am strongly convinced we should have at least 5 fold increase in price since the last spike in November 2013.
I am strongly convinced we should have at least 5 fold increase in price since the last spike in November 2013.
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Impulsive breakout with significant new high.I expect a continuation of the bull trend to yellow zone.
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Price approach another key level and round number at 5000$I expect a continuation of a trend to level previously marked.
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Still looks like one more up to about 7000$ level.
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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.