If this is going to turn bearish on weekly, this may be the outcome of the downtrend. Support expected to be found at: 8800, 8400, 7700, 7200, 6600, 5900, 4900, 3800, 2500, 300
Looks like we have completed ABC correction from ATH. CONGRATULATIONS !!! The trend has shifted from Bear into Bull. So whats our goal in the near future? At the time of the writing we are changing hands around 9135 and the bulls are trying to hold and push higher. Looks like our 4 year target is in the $35,000 range. That's ONLY 380% or is ti WOW that's...
This halving trend may wear out very soon and trend will return to BEAR. We may revisit 4000 range very soon. Miners may start selling off the top of this wave.
I don't think we finished ABC correction yet. Bears are waiting to short. They just need more volume to cash their profits from last weeks gains. Bears might be fooling Bulls today and tomorrow. Be careful - don't believe what you see. Notice the volume is going down on 1HR and every bulls attempt to push the price higher gets shorted right away. We are not...
the trend will resume in Bull mode till 10600 not a trading advice
Bitcoin is very bullish at the moment and unless bears interfere we will break the downtrend channel looks like 9200 will be wave 5 top and maybe we will get an extension to 10000 or more
Looks like Bitcoin is forming a W pattern on Weekly timeframe. Be on the lookout for fractions. Unfortunately we will have to wait another year to see the real bull run. Right now they are still training the bull. Be patient its worth it! Not a trading advice. Do your own reserch.
If we break resistance at 18000 we will confirm wave 3
Everyone is so bullish we dont see the big picture
Weekly Chart confirms wave 4 is in session. Wave 5 will take us to 0.47 from 0.31 as of time of this writing