Now I want to talk about bullish perspective for bitcoin.
As far as I can see, bear is weaker and the momentum is almost gone. IF the bottom was in, I can say that this is a healthy correction for upcoming months, IF the bottom was in this is the wave 2 correction and it can correct up to 5756 (as the bottom in finex was 5755) OR this is the beginning of wave 3 IF 6100 level doesn't broke.
IF this is the beginning of wave 3, I can see the target is often at 1.618 fibonacci extension at 10500.
Let see how the market moves, accumulate bitcoin and alts are very good for now I think. Q4 is coming, and we will see a fireworks on upcoming months.
Happy trade, play safe! :)
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For now, I'm not sure bitcoin gonna move up because the momentum is not quite interesting to see, as it near 100 from SRSI on 4H timeframe. My projection, bitcoin need to makes one more retrace to build the momentum, as can you see in the picture below.
But, still just a projection, everytime it can change as the market moves. I will keep this updated.
Interesting. It looks like there is bullish sentiment building up lately..: " Google decided to un-ban bitcoin ads. The decision to un-ban bitcoin-related ads on the world's biggest search engine comes after a wave of bullish predictions for the bitcoin price last week."
Romeo_
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@EgotripCz, well honestly I really dont care about news, chart is what I care 100%. :) news is for the masses, you know what I mean.
EgotripCz
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@Romeo_, Exackly. But there is one important IF. It is obvious, that the big guys are now trying to mobilize the masses, so they can help them to push the price out of the triangle to the right dirrection. It is not coincidence, that this is all happening right now, when we are at the end of BTC correction. So the importan IF is - IF they will continue in spreading of the good sentiment among masses, we have seen the bottom already this year.
vickydaswani
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btc overview you need to know
Romeo_
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@vickydaswani, yea I keep an eye on that too, good work.