Clearly defined Monthly ranges on the Bitcoin Chart.
A Superb recovery fo the price of Bitcoin but approaching major supply zone. Could see a climatic Fomo halving attempt across $10k which may prove too much for the bulls to close on the monthly and more time in the range 9.2 - 6.5 could be needed. It might be frustrating for the bulls but would provide a solid base with potential for a higher low and a right shoulder / Wyckoff pattern on higher timeframes which would Position the market superb for a bull market end 2020 and into 2021.
Will add to this in due course but consider this a broad end of year forecast.
Worth checking the linked chart here too in the context
we could see up a right shoulder and really gain some momentum into the end of the year.
Drop it alike and all follow all the other stuff in the footer if useful, cheers.
Filb
A Superb recovery fo the price of Bitcoin but approaching major supply zone. Could see a climatic Fomo halving attempt across $10k which may prove too much for the bulls to close on the monthly and more time in the range 9.2 - 6.5 could be needed. It might be frustrating for the bulls but would provide a solid base with potential for a higher low and a right shoulder / Wyckoff pattern on higher timeframes which would Position the market superb for a bull market end 2020 and into 2021.
Will add to this in due course but consider this a broad end of year forecast.
Worth checking the linked chart here too in the context
we could see up a right shoulder and really gain some momentum into the end of the year.
Drop it alike and all follow all the other stuff in the footer if useful, cheers.
Filb
Comment:
Starting to show some initial signs of rejection which we have seen before.
Comment:
Comment:
High timeframe now serving as resistance.
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Follow on Twitter @filbfilb