Are you ready for this next move up? People who read my analysis are. We have been long since this $6,500 area. We have been long the other pairs at similar prices. Let me break down what's going on right now.
Spike in XRP, broken it's massive trendline Spike in BCH, approaching it's massive trendline Spike in LTC, broke it's minor trendline ETH/BTC, broken it's major trendline ETH/USD - broke it's minor trendline, in the process of confirming a break of it's other one.
Bitmain launched one of the largest IPO's. Google is getting lenient on IPO's
What do you think is going to happen next?! BTC will break it's major trendline next and move up. You will read it here first. We will move up to $7,500 quickly. From there we will chop around and continue higher to at least 10k. Once it get's to 10k, we'll see what the charts tell us
What if I am dead wrong? What if it reverses right after I post this? We are already in profit, it doesn't matter! Throw a stop where you are comfortable and let the market dictate what happens. Personally, I lifted my stops because I am confident we are going to get a move through the next 3 months. But that's me! You might not be comfortable with that
But the choice is yours, I outlined the relevant supports on my chart and even left my previous arrows up that are so far dead on!
Look people, I have read one analyst that posted one chart DOOM and another MOON within minutes, with elaborate write-ups. Really? Straight shilling his service. One clown who draw lines above and below current price but never posts an entry. I can do that all day long too.
Don't get caught in the hype folks. Pick your points. DON'T USE LEVERAGE. Use a strategy. My followers KNOW I ladder in my positions. I am not right all of the time(NO ONE IS!) but you can leverage my analysis to supplement your investing and my track record speaks for itself for BULL moves and BEAR moves. Here are some samples:
Recent 10k call -
ETH 200 call i outlined in JUNE and had my ladder strategy posted before-
BTC Head and shoulders when everyone was calling for the moon -
The 6k move to 9k!
BTC Double top call! -
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As always, please throw a like to show support.
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For anyone looking for more detailed info on why I think it's going to 10k at least, see my last posts, like this one. It details the shifting channels we have seen as this has moved.
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Still following that line off the bounce point at $6,400, slowly marching up...
There would have to be a catalyst to propel BTC to 10,000, Vanecks ETF perhaps but ETFs news wont be coming until late December.
trongdau
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Great job, thanks u much for good analysis.
vickydaswani
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the only btc strategy you need to know, the legendary strategy
Crypto_Analytics
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We are forming a rising wedge in my oppinion.
weslad
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I appreciate your analysis brother, well done, here is my view.
BTC may head to 7k zone soon
ReinisLeja
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SonicDeejay
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Allow me to share my view On BitCoin (29 Sept 2018)
It gets stalled as it has hit the TP1 level of ($6,780 level), we expect it will bring resistant.
It may have a small pullback but sooner or later the level will get broken UP.
Overall, I am standing with LONG.
EP Long anywhere before $6,370
SL $5,720
TP1 $6,780
TP1 $7,020
TP3 $7,390
All the best.
Crypto_Analytics
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Its clear for me, we are in a rising wedge. I expect some more upwards movement the comming days but then we will fall out of the wedge.
emmanueltorresg
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@Sherem I think you need to be more conservative.. You are drawing a line at 7500 wich makes sense, BTC could climb to 7500 but after that it could go again to 6300. I don't see any reason why BTC will go to 10,000 in the next 4 months. By december 2019 I agree that BTC could be at 50,000, but I think we need a lot of bullishness that we are not seeing in this market right now.