BitcoinLong
BTC - Path to 13000
Updated
Trend swap occurred around the 6200 mark, when the impulsive move continued and formed a major upswing in which we still are.
Three options here:
1. Chase and buy at cmp (no missing out but biggest risk)
2. Wait for a corrective minor swing (small possibility to miss out but with less risk)
3. Wait for a bigger corrective swing (almost no risk but a big possibility to miss out)
- All the options lead to the median line, of the current mod schiff + the 0.618 fib line of the whole major downswing, which sits around the 13200 area.
In my opinion, BTC will land in 13000 area in the next few months, even if it corrects all the way to high 4000's (small chance). Everything above that price still leads up there to the median line.
Thread carefully,
Nick
Three options here:
1. Chase and buy at cmp (no missing out but biggest risk)
2. Wait for a corrective minor swing (small possibility to miss out but with less risk)
3. Wait for a bigger corrective swing (almost no risk but a big possibility to miss out)
- All the options lead to the median line, of the current mod schiff + the 0.618 fib line of the whole major downswing, which sits around the 13200 area.
In my opinion, BTC will land in 13000 area in the next few months, even if it corrects all the way to high 4000's (small chance). Everything above that price still leads up there to the median line.
Thread carefully,
Nick
Note
Target area hit, PROFIT TAKEN, 13100 - 13500.And we see a hard bounce off of the median line.
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.