Right now, Bitcoin is attempting for the 3rd time to breach a major resistance level (orange dashed line) at the 0.78 Fibonacci level.
We are exiting an Inverse Head And Shoulders (bullish indicator) pattern at this moment (the yellow triangles), successful exit should see us into further upward movement.
Also, we see the price line almost about to cross over the 50 EMA (blue curving line). 50 EMA about to cross over 10 EMA (purple).
At current RSI of 58.8, we are not yet at the upper limit.
We may be able to see prices of $9200 within the next day or two.
After this, we may possibly reach as high as ~$11,500 USD over the following week.
Then after this, we hit an extremely strong resistance level, and another crash (to sub $6000) may occur.
Let's see if BTC can break this important resistance level.
(Note, this chart is an enlarged scale (4 hour chart), spanning from December 2017 to February 2018)
We are exiting an Inverse Head And Shoulders (bullish indicator) pattern at this moment (the yellow triangles), successful exit should see us into further upward movement.
Also, we see the price line almost about to cross over the 50 EMA (blue curving line). 50 EMA about to cross over 10 EMA (purple).
At current RSI of 58.8, we are not yet at the upper limit.
We may be able to see prices of $9200 within the next day or two.
After this, we may possibly reach as high as ~$11,500 USD over the following week.
Then after this, we hit an extremely strong resistance level, and another crash (to sub $6000) may occur.
Let's see if BTC can break this important resistance level.
(Note, this chart is an enlarged scale (4 hour chart), spanning from December 2017 to February 2018)
Comment:
#Bitcoin $BTC up 14% since Feb/13/2018: $8510
Target 1 ($9200) +8% (met Feb/14)
Target 2 ($9700) +14% (met Feb/15)
Target 3 ($10,200) +20%
Target 4 ($11,200+) +32%
(Support Level: $8800)
Target 1 ($9200) +8% (met Feb/14)
Target 2 ($9700) +14% (met Feb/15)
Target 3 ($10,200) +20%
Target 4 ($11,200+) +32%
(Support Level: $8800)
Comment:
Actively meeting some resistance at $9700.
(Support Levels: $9300, $8800)
(Support Levels: $9300, $8800)
Comment:
(Target 3 Accomplished)
#Bitcoin #BTC up +20% since Feb/13/2018: $8510
Target 1 ($9200) +8% (Feb/14)
Target 2 ($9700) +14% (Feb/15)
Target 3 ($10,200) +20% (Feb/15)
Target 4 ($11,200+) +32%
Well.. we peaked at $10,176 today so far, to be exact.
$24 or 0.24% away from the $10,200 target I called. :)
#Bitcoin #BTC up +20% since Feb/13/2018: $8510
Target 1 ($9200) +8% (Feb/14)
Target 2 ($9700) +14% (Feb/15)
Target 3 ($10,200) +20% (Feb/15)
Target 4 ($11,200+) +32%
Well.. we peaked at $10,176 today so far, to be exact.
$24 or 0.24% away from the $10,200 target I called. :)
Comment:
All targets have been met so far.
Retracement/Correction is likely next (~$9300 range).
#Bitcoin #BTC up +20% since Feb/13/2018: $8510
Target 1 ($9200) +8% (Feb/14)
Target 2 ($9700) +14% (Feb/15)
Target 3 ($10,200) +20% (Feb/15)
Target 4 ($11,500+) +35%
---
These calls made in advance have been correct so far.
(May adjust targets as I progress, as new data is gathered)
Note: I am not a financial advisor. I simply share my opinions.
Retracement/Correction is likely next (~$9300 range).
#Bitcoin #BTC up +20% since Feb/13/2018: $8510
Target 1 ($9200) +8% (Feb/14)
Target 2 ($9700) +14% (Feb/15)
Target 3 ($10,200) +20% (Feb/15)
Target 4 ($11,500+) +35%
---
These calls made in advance have been correct so far.
(May adjust targets as I progress, as new data is gathered)
Note: I am not a financial advisor. I simply share my opinions.
Comment:
:
#Bitcoin is currently in an overbought state.
We peaked at $11,250 USD today so far. Prices have been on track with my predictions, however, we are now in a dangerous zone of resistance, as illustrated by this chart I mapped out days ago (now updated). #BTC Prices could come crashing down at any time within/before the next 1-4 days.
Be safe and have an exit strategy ready.
Converting $BTC into #USD, #USDT or #NBT may be a wise option.
#Bitcoin is currently in an overbought state.
We peaked at $11,250 USD today so far. Prices have been on track with my predictions, however, we are now in a dangerous zone of resistance, as illustrated by this chart I mapped out days ago (now updated). #BTC Prices could come crashing down at any time within/before the next 1-4 days.
Be safe and have an exit strategy ready.
Converting $BTC into #USD, #USDT or #NBT may be a wise option.
Comment:
Finally broke out and up again on $BTC #Bitcoin. :)
Took a lot longer than expected. Very winding path, very hard to get proper wave counts here. Still to see if it holds, but it looks so. Hopefully back on track to my Target 4 @ $11,500+.
Took a lot longer than expected. Very winding path, very hard to get proper wave counts here. Still to see if it holds, but it looks so. Hopefully back on track to my Target 4 @ $11,500+.
Comment:
Updated for A-B-C-D-E correctional wave.
I held BTC all these hours, waiting for the breakout. (Tiring day)
I held BTC all these hours, waiting for the breakout. (Tiring day)
Comment:
$10,850 is the active resistance level $BTC needs to break.
My Target is still the same, $11,500+ #Bitcoin.
My Target is still the same, $11,500+ #Bitcoin.
Price now: $9249