Long

BTC heading to 8k before the next bull run?

Updated

BTCUSD 4H

Chart says it all!

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The marked area below the 8k level would be the second potential buy zone to look out for in case price breaks through the first area

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Wave (c) of B in the making. Expecting further upside & the completion of wave 4 soon.

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Sell zone has been literally hit to the T ! However, there is still more space to the upside. $13.500-13.700 area is another strong confluence zone. This should be the maximum target. I am not expecting this level to be violated. If price proves me wrong, we'll see the start of the final bearish leg from there on.

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WE MIGHT - keep that in mind. It is a if..then scenario, as shown above.

Trade closed: target reached

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waiting for the next bloodbath to continue... once price has hit 8k, the market will be ready for the fifth and final wave of this cycle.

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The price might continue to rise, but as my forecasted sell zone has been hit, I won't be greedy to squeeze the last percentages out of that one :)

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Playing out perfectly so far

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Nothing has changed so far - a doji on the daily won't change my current short bias, as the bearish structure is still fully intact. This is a possible scenario, if we see price pushing a bit higher for the next few hours.

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Bias hasn't changed yet - still bearish. Currently in a triangle, which will either play out in a three wave (abc) or five-wave structure (abcde).

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Hey guys, same as my XRP idea the forecast is playing out perfectly so far. As for now, we are in my opinion in the third wave. Therefore I expect to see another minor correction (wave 4) before we see the final push to the downside. 8.2k-7.8k is still my projected target - but nevertheless a drop till 6k levels is also possible. I will update this idea, once wave 4 is about to end/has ended.

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Buy zone has been hit to the T! Congrats to the patient. However, same as with XRP - I do see three subwaves of wave c only. So, as I've wrote it in my last update yesterday, I do expect a final minor correction to the upside (wave 4), before price crashes once again. This can either play out in form of a double bottom, or if the recent low gets violated then I'd be looking for 7.3k-6.9k and maybe even lower. Will have to take a look at the charts when the time has come. Updates will follow!

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Very similar structure as XRP. Look for a three wave structure and the marked zone for potential shorts. We have two different buy zones. Once the fifth wave is in play, I will update this idea. Safe trades!

BudBronson

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