3 reasons why Bitcoin pumping to 16200$ in 2019

You might feel that price (Bitcoin) unstoppable, and it looks like an easy road for the market... Bullish sentiments everywhere, yes of course we can see some bearish ideas here, but just like the short liquidations they getting rekt.

In hype market most of people buying back their position (read BTC) at market price. But when crowd will be exhausted what will be with the price? And what will be the signals for next drop?

Signals I wait from price/indicators before drop:
∙Bearish divergence on Weekly time frame from RSI. But now it is only above bullish support (55) and seems like it will move inside 80-55 numbers, before make any bearish divergence.
∙Moving averages death cross: current Williams alligator turned bullish (going upward) on weekly so there is some room for some pumps.

3 Reasons why price could pump to 16200$
1. Levels of support and resistance. They match Fibonacci analysis and it gives us good buying opportunity for alts too.
2. Weekly RSI still on the move and there is a plenty room to make bearish divergence before any drop.
3. Elliott Waves counting gives us idea about next move and strategy with some probabilistically mind. So there is some probability to make small dump from 9800$ to 7100$ before big jump to 16300$.

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