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Al3x_2020
Oct 19, 2017 6:05 PM

BTCUSD: going higher towards 7K 

Bitcoin / United States DollarCoinbase

Description

We are likely in wave (v) of ((3)) with a target in the high 6000s (6800 - 7000).

After that I expect a correction back to the low 5.000s, which will set up the next rally phase to, yet again, new all time highs.
Comments
ruraldisturbance
I think you could be right, I also think that we might not break 5800 and a big pullback is in order now before the next bull run. Next few days will show us.
Al3x_2020
@ruraldisturbance, yes there are always multiple possibilities. In any case, the trend higher for Bitcoin is still very much alive and, until proven otherwise, we better trade with the trend.

As we broke 5800 today, I think the next big pullback you are referring to will take place at a later point.
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