Analyzing the daily bitcoin chart we can see that our price is trending pretty nicely. Although it is hard to give merit to trends in Crypto, we can make some educated forecasts here.
We can see that our stochastic at low threshold, which sets the stage for a potential uptrend, we can also see that previously we saw some large gains at the 0.5 Fibb retracement in the first green box. I expect us to hit that 0.5 line again and once we do we should get some nice support that will help price cruise over $3000 for some ATH's. This is compounded by the fact that in the second green box (where I expect us to hit the 0.5 line and rise) we are also gaining support from our Gann line.
I expect our target to be around $3045 where we will test and likely see some dips after that.
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Comment for questions and discussion!
We can see that our stochastic at low threshold, which sets the stage for a potential uptrend, we can also see that previously we saw some large gains at the 0.5 Fibb retracement in the first green box. I expect us to hit that 0.5 line again and once we do we should get some nice support that will help price cruise over $3000 for some ATH's. This is compounded by the fact that in the second green box (where I expect us to hit the 0.5 line and rise) we are also gaining support from our Gann line.
I expect our target to be around $3045 where we will test and likely see some dips after that.
Please like and follow for more :)
Comment for questions and discussion!
Comment:
UASF aside this is the likely scenario if price remains neutral.
Comment:
With successful split as support price is likely to soar to $4000+
Comment:
Just as forecasted :)
