Bitcoin short-term analysis
Updated
Hi this is short term BTC analysis
It seems to me current set up is bigger fractal copy of previous pattern (left circle)
which indicates BTC will start up rally to 12k soon. not the corrective wave.
If rally starts, I think 11.8k is the minimum target
after 12k expected major correction is likely to come.
estimating target price level of the up-rally is hard but I think many trader who expect upside from now agrees that It will be likely to go 12k (some say even more)
but safe is the best if you don't have confident.
for the target level of correction, I'll update later with basis of past patterns and market sentiment
I should've post this 12 hours ago but I was busy
good luck and enjoy ride and see what happens.
It seems to me current set up is bigger fractal copy of previous pattern (left circle)
which indicates BTC will start up rally to 12k soon. not the corrective wave.
If rally starts, I think 11.8k is the minimum target
after 12k expected major correction is likely to come.
estimating target price level of the up-rally is hard but I think many trader who expect upside from now agrees that It will be likely to go 12k (some say even more)
but safe is the best if you don't have confident.
for the target level of correction, I'll update later with basis of past patterns and market sentiment
I should've post this 12 hours ago but I was busy
good luck and enjoy ride and see what happens.
Note
and local peak is likely to be around after 10HRS from now on.could be wrong so better to decide with price level + RSI
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