Hello friends, traders, hodlers, everyone..
I drew this chart a little over 12 hours ago, originally like this:
Originally, I did not post it. The truth is, my personal life as of late, has been very difficult. I have been led to question myself on a lot of occasions. Whether or not, I am making the right choices, doing the right things.
Friends, I find the most common mistake we make both in life and in TA is not being sure of oneself. So, I have decided over the course of today to approach life with more confidence. In the spirit of this, I give to you my path to $10,000 BTC.
After completing back to back 62% retracements, Bitcoin looks sure as ever to push towards a test of $10k. Also, we have just entered a critical fibonacci timezone - the 0.618 zone.
So, our major impulse leg 1 ($5000 - $8250) retraced to $6200 (also 62%) giving us a 161% ext target of exactly $10,000.
After this, we have seen another smaller impulse leg 2 ($6950 - $8300) which then completed a 62% retracement to $7475. This wave alone, also points to a 161% ext of $9100.
Of course, it is still very possible for us to see a heavier retrace towards $6400 like I wanted in some of our previous analyses here....this could all be a double top, but I think something more is afoot....
Only time will tell.
Tread carefully friends, and Good Luck.
Previous Analyses:
I drew this chart a little over 12 hours ago, originally like this:
Originally, I did not post it. The truth is, my personal life as of late, has been very difficult. I have been led to question myself on a lot of occasions. Whether or not, I am making the right choices, doing the right things.
Friends, I find the most common mistake we make both in life and in TA is not being sure of oneself. So, I have decided over the course of today to approach life with more confidence. In the spirit of this, I give to you my path to $10,000 BTC.
After completing back to back 62% retracements, Bitcoin looks sure as ever to push towards a test of $10k. Also, we have just entered a critical fibonacci timezone - the 0.618 zone.
So, our major impulse leg 1 ($5000 - $8250) retraced to $6200 (also 62%) giving us a 161% ext target of exactly $10,000.
After this, we have seen another smaller impulse leg 2 ($6950 - $8300) which then completed a 62% retracement to $7475. This wave alone, also points to a 161% ext of $9100.
Of course, it is still very possible for us to see a heavier retrace towards $6400 like I wanted in some of our previous analyses here....this could all be a double top, but I think something more is afoot....
Only time will tell.
Tread carefully friends, and Good Luck.
Previous Analyses:
Comment:
Just a nice close up view of the daily here as we hit that 0.618 Fib Time Zone. These are quite difficult to chart properly.
Comment:
I can't act like, making these calls is difficult in the NEW BULL MARKET, just remember where you heard it first 2 months ago ;)
Comment:
Should see our first target here shortly
Comment:
A little bit of extra insight here with fib tools.
