BTCUSD (4h): Why should we be watchful? 13k possible, BUT ...

If we look at the Fibs, we see that the last corrections were always down to Fib 0.5. For a short-term correction this would mean a range of 10K. If we look at a correction since the run started, we'd be at 7-8 K.

Many write in their posts that it will continue to rise. Yeah, that could be for sure.

Since the beginning of the year, the price has risen. So we should be good in profit. To gamble away this profit due to thoughtless and too greedy trades, must be well calculated. When we are in such a strong uptrend, a strong fall can follow. Nevertheless, a further up to 13K is possible. And don't forget. After each upward movement there is a correction. And the further we climb, the deeper we fall.

And don't forget: this could be a double top.


Let's see what happens. Happy trading. :-)

Comment:

main resistance reached!

Comment:

13.000 happened! and now? look at my new post ... here: