CarpeMomentum

Bitcoin steady upward - 10k and 11k target in sights

Long
BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
As predicted in my scenario 3 Bitcoin ( BTC ) is on a steady upward motion and testing the $10,000 mark. It will tackle this hurdle this week and take aim at $11,000. If and when it breaks that barrier we are likely to see a continued parabolic move towards its all-time highs at $20,000. Bitcoin has broken out of the Keltner Channels upwards, so the momentum is in favor the uptrend. The parabolic SAR indicator also shows us we are in an uptrend scenario. Go Bulls.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.