Bitcoin! Targets and Fibs to keep an eye on in the medium term!
It's all in the chart. Here are the targets I'm mentioning:
1) We already hit and blast through our first bull flag target (yellow color)
2) We've yet to hit our second Cup & Handle target @ $7.8k (purple color)
After we hit this target, I'm expecting a significant retrace back down to either the $6k levels or the 55 EMA at the worst (around $5.3k at the moment)
3) The macro Falling Wedge target is @ $11k (white color)-- we should hit this after our
In betweek the above targets, the fibs paint other important levels to keep an eye on.
*** Bottom line:***
1) Correction to happen after hitting $7.8k levels. >> Correction maximum down to $5.3k (the 55 EMA)
2) Upside >potential is to hit the Falling Wedge target at $11k. Roaring bull market to follow beyond that level!
1) We already hit and blast through our first bull flag target (yellow color)
2) We've yet to hit our second Cup & Handle target @ $7.8k (purple color)
After we hit this target, I'm expecting a significant retrace back down to either the $6k levels or the 55 EMA at the worst (around $5.3k at the moment)
3) The macro Falling Wedge target is @ $11k (white color)-- we should hit this after our
In betweek the above targets, the fibs paint other important levels to keep an eye on.
*** Bottom line:***
1) Correction to happen after hitting $7.8k levels. >> Correction maximum down to $5.3k (the 55 EMA)
2) Upside >potential is to hit the Falling Wedge target at $11k. Roaring bull market to follow beyond that level!