Bitcoin's - Independence Day!
Updated
Just a quick observation. It may be possible for the correction to end sooner than expected. Another perfect opportunity is on July 5th right after the July 4th Holiday to not only fill the CME Gap but also bounce off another closely watched trendline.
See target area.
So, to upgrade my weekly update it is very possible for this correction to finish as soon as the end of next week or drag out for a couple weeks as previously stated. It really just depends on how ambitious the market decides to get.
Take away? Be ready for anything in the $8,000-$8,500 range. I firmly believe any longs picked up in that area will be well rewarded later this year. If we go down there, those will be prices we probably NEVER see again. EVER
Good Luck
BBS out!
See target area.
So, to upgrade my weekly update it is very possible for this correction to finish as soon as the end of next week or drag out for a couple weeks as previously stated. It really just depends on how ambitious the market decides to get.
Take away? Be ready for anything in the $8,000-$8,500 range. I firmly believe any longs picked up in that area will be well rewarded later this year. If we go down there, those will be prices we probably NEVER see again. EVER
Good Luck
BBS out!
Comment
A 2 Hour viewComment
Weekly chart - As I said earlier today, if we close red it is even more of a confirmation that we will be shooting for the lower targets previously mentioned. About 5 minutes to go before the close. At this point I don't think it matters much if we close red or slightly green, the results will be the same. A HUGE topping DOJI on the weekly chart will signal we are going lower.Get ready......
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.