Bitcoin On a Big Run Up! Where To Next?
Bitcoin has broken through the $12,000 round figure level that's been holding it back for awhile, and now the question is where will it go next?
Based on what I'm seeing in the charts, Bitcoin is heading up, both in the shorter term over the next few hours, as well as over the next few days. After that, we may see a sharp consolidation again, as we often get with Bitcoin, or it may just rocket past it as people get swept up in the FOMO.
What I'm seeing is a well-defined Impulsive Elliott Wave forming, with a good chance of finishing the current consolidation around the $12,340 level before heading back up again.
I'm not a financial consultant, so please be sure to do your own research and seek professional financial assistance if you need it before investing any funds, and never invest funds that you cannot afford to lose. Trading is inherently risky.
Based on what I'm seeing in the charts, Bitcoin is heading up, both in the shorter term over the next few hours, as well as over the next few days. After that, we may see a sharp consolidation again, as we often get with Bitcoin, or it may just rocket past it as people get swept up in the FOMO.
What I'm seeing is a well-defined Impulsive Elliott Wave forming, with a good chance of finishing the current consolidation around the $12,340 level before heading back up again.
I'm not a financial consultant, so please be sure to do your own research and seek professional financial assistance if you need it before investing any funds, and never invest funds that you cannot afford to lose. Trading is inherently risky.
Doing what I can to help people trade better. Past performance doesn't guarantee future results. Trade at your own risk. This is not financial advice, it is personal opinion, I'm not a financial adviser. I may have a stake in what I write about.
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