ChArtWorks_TechnicalArts

Bitcoin Short Term Outlook

COINBASE:BTCUSD   Bitcoin
Good evening everyone! :D

So, from our entry between $6600 and $6820, we are currently up $1,000 on our long. If we can maintain prices above $7742, then we have a good chance of seeing our first common retrace target at $8,059. So what is to expect of btc right now? Well, we want a little more time before a major sell off again to ensure Daily Bullish Divergence or Convergence. If we can reverse price action between the .382 and .618 retracement, then we'd expect another sell off more than likely creating that divergence or convergence. Certain fib nodes hit inquires certain harmonics or cyphers to potentially be in development on the daily time frame which is significant believe it or not. Upon selling off, we'd like to see us either at a critical fib node, support and waning on the oscillators to entail pending price reversal to the upside again. Right now, we are currently on Wave B of a potential harmonic or cypher. Once we get a confirmed top and sell off again, then we'd be on wave C of this potential pattern. Once we hit Wave C, then we have a specific pattern in mind that could potentially be in play and from there we'd exit our longs at the pcz of this harmonic and look for a shorting opportunity at much higher prices! The daily time frame is significant and I have never not seen it play out on Btc. So, I am pretty excited and hyped up, I don't know about you guys.

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$Ethereum: 0xd251Cc3b78e92191B5dEC4E0D2f2acDCa5B33599
$Litecoin: MRHupJeTegPM2a8AJewC3B1oqq7Mpjr1MK
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Tag: 2183371567
$Bat: 0x9b95E0Bd4556dbb0b407B32f43B923607b896F48
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$Dash: Xq5kCnMknHrknC2ipw1JGuRcdbDtbTSqWU
$Beam: 553e2b176e611674559f92b8fa10f5d129bd80acd14fb5f8d6e387ab4f0b281144
$XMR: 4DSQMNzzq46N1z2pZWAVdeA6JvUL9TCB2bnBiA3ZzoqEdYJnMydt5akCa3vtmapeDsbVKGPFdNkzqTcJS8M8oyK7WGj2kh3ajCzSUSAQTr
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