open4profit

Bitcoin BTC will be very soon on cloud no. 7 Target $20k

Long
BITFINEX:BTCUSD   Bitcoin
Bitcoin has to pass 7 clouds to reach $20k

On weekly Chart from 18 dec 17 onwards
Total Red Candles 21
Total Green Candles 21


Busiest Zone - GROUND 0 (5767-6800)
BTC have to break 6800, to reach stage 1.

STAGE 1 (Roller coasters ZONE): 6800- 8514
Its trend zone both in green and red.

STAGE 2 (QUICKEST ZONE): 8514 - 9566
Price movements are very fast in this zone.

STAGE 3 (BALANCED ZONE): 9566 - 11850
BULLS VS BEARS

STAGE 4 (RED ALERT ZONE- HEAVY SELLING): 11850 - 13473
Becareful in this zone - from bears

STAGE 5 (POWER ZONE): 13473-16238

STAGE 6 (LAUNCHPAD ZONE): 16238 - 18912

STAGE 7 (DELIVERY): CONGRATS WE'RE AT 20,000


Conclusion-
Based on this weekly chart, Ground Zero is almost going to over in a matter of days, infact Bulls already hit stage 1 and may enter stage 1 any time.
Stage 1 and 2 are very crucial in coming days.

Stage 2 is at Fibonacci 78.6 and very short zone, if passed we will see 11k which is at Fibonacci 61.8.

So HODL your BTC, soon we will be seeing stage 2 and 3.

If you liked this analysis hit the like button.
Will come with 2nd part of this analysis soon in different time frame.

HAPPY TRADING.

Zia (@open4profit)

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