TradingView
Tin.Foil
Nov 5, 2017 12:53 AM

Upcoming Fork - Target $8500 before rise to $10,000 by Nov 15th Long

Bitcoin / DollarBitfinex

Description

Because my target was met at $7500 today, I believe our next resistance point will be $8450 and if we hit $8500 before this Bitcoin fork happens with SegWit2, we'll be on another rally to $10,000 and this could possibly happen in the next 10-12 days.

We are near the top of my Pitchfork, but we still have room to break up to $9200 or so within the next 2 weeks while still maintaining the current pitchfork.

I'm doing a reverse Fibonacci prediction of resistance levels based on the 10k target.
We are also hovering at the 38% Fibonacci for the 10k target and my prediction for the next resistance level at the 23.6% or $8450. So if we gain $1000 from today's $7500 and hit $8500, I really expect we'll see $10,000 in short time. Best case by Nov 15th, worse case, end of 2017.
Comments
DukeDinh
is this still valid?
More