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stewdamus
Aug 21, 2020 8:49 PM

12,927 or even 17,146 coming THIS WEEKEND or NEXT WEEK! Long

Bitcoin / United States DollarCoinbase

Description

Yes, I said it. Bold prediction I know. But, the way I read the charts, it looks as though all the stars are aligned. I've been wrong before (why I always set my stops), I could be wrong again. But geez people, just have a look at these indicators!

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Decision coming within hours - by CoB today!

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Continued existence within the ascending triangle (chart) and descending wedge (RSI). Still supported by uptrending line (green). Still positive volume divergence.

All good signs.

Hold tight my friends.

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BTC market is realizing that it had gotten a little ahead of itself. I believe we are correcting to fall back into the "Larger Uptrend Channel". If so, my prediction (the title) will have to be corrected as the time interval to reach these targets will draw out (last longer) as we witness more sideways movement on the charts (consolidate) before breaking higher.

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More detailed analysis.
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