As many predicted.. if we dont break the 10k line we will have a possible retrace down to 9.4 - 9.6k. Im glad the support there did hold for now. If the regresseion trend patterns will repeat, we will observe a 10 to 15° uptrend for the next 3 to 5 days.
That means we will break the 10k (psychological barrier) in the coming days. I expect a small retrace down to maybe 9.8 - 9.9k BTC after we saw 10.2 to 10.3k.
My target of 10.4k - 10.6k still remains valid for the coming consensus 2018 conference mid may. Check out my other published ideas for this.
Im bullish on btc and the crypto market as a whole. I think.. the moment we break 10k and can hold it, will be the signal to go pass 11.6k and close this massive double top ) for sure!
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ok well.. i didnt expect this dump. It seems that the allegedly SEC meeting about ETH being classified as a Security released some panic selling or it was an coordinated whale dump. It seems more to be the latter. And the SEC meeting was also some random FUD as it seems. No one could confirm the source. Lets see where this is going. I see the actual regression trend with a slightly downwards angle at -2°.
Whats important is that we must close above 9.4k! this would throw us back into the uptrend channel with a target of 11.6k eo may.