Road to 13k
Updated
As you can see, i'm posting another bullish view.. My last chart didn't hit the nail on the head this time; that's why a stop-loss is important.
In my opinion we have, within the last hour completeted the correction following highs around 10k ($9900 on binance). RSI on the 4 hour chart went below 20 (19.80) and we seemed to bounce, for now. The correction does fit a WXY formation and retraced to a healthy fib level :)
I've read alot of bearish stances still calling for 6k < I just don't see it. Any where, i spend hours and hours every single day watching these charts, one would begin to hope he's picking up a few of BTC's ways. End of July roughly i see my next main target;
$13,103.
For this count to have any chance of being correct, we first need to break 10k, which is an obvious key test support level.
On the 1day, MACD cross looks about to happen, Stoch looks due to tick back up, and RSI is currently 34, which is low for BTC on the daily. I could be wrong, but BTC is due to pop out bullish in a BIG way soon. One day in the next week or 2 we will see a big day for BTC. It's my interpretation of the charts combined with rumblings of good fundamental news, i'm getting excited.
Remember to always protect yourself incase things don't go as planned, this is not financial advice.
https://www.tradingview.com/x/EW4k9IUP/ - close up view of WXY, full EW count not completed but looks like you could find a viable count in there.
In my opinion we have, within the last hour completeted the correction following highs around 10k ($9900 on binance). RSI on the 4 hour chart went below 20 (19.80) and we seemed to bounce, for now. The correction does fit a WXY formation and retraced to a healthy fib level :)
I've read alot of bearish stances still calling for 6k < I just don't see it. Any where, i spend hours and hours every single day watching these charts, one would begin to hope he's picking up a few of BTC's ways. End of July roughly i see my next main target;
$13,103.
For this count to have any chance of being correct, we first need to break 10k, which is an obvious key test support level.
On the 1day, MACD cross looks about to happen, Stoch looks due to tick back up, and RSI is currently 34, which is low for BTC on the daily. I could be wrong, but BTC is due to pop out bullish in a BIG way soon. One day in the next week or 2 we will see a big day for BTC. It's my interpretation of the charts combined with rumblings of good fundamental news, i'm getting excited.
Remember to always protect yourself incase things don't go as planned, this is not financial advice.
https://www.tradingview.com/x/EW4k9IUP/ - close up view of WXY, full EW count not completed but looks like you could find a viable count in there.
Note
Slightly adjested targets since BTC wanted a little more blood from the correction. T1 - $10,030
T2 - $12,963.90
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