BTC is inside a channel going parabolic, drawing several ghost bars from the early phase and looking to history, Gann fan and other factors takes me to believe we will achieve 10k before we have a major correction, if there will be one at all, but it makes sense to shake out things a little. We are bullish, and we are going 12k - 15k this time, don't be fool to thin otherwise.
The boxes on chart serve as reference of possible scenarios, the most probable is in fact the blue one, a retrace to 50%, 61.8% of all move which match with a lot of supports and then back up for the 12k and 15k.
Worst case scenario is still good, although very low, it also make sense and very possible to reach bottom channel of Gann fan.
Best scenario possible is flirt with 8k - 10k for a while and once price touches the Gann fan channel should be ready to start another amazing uptrend, parabolic again I would say, tho this scenario for me is not the most probable for now and BTC is indeed in need of a correction, even more if goes 10k.
***No financial advice***
Do PM me if you'd like to have daily updates and more charts.
- The trend is your friend and patience a virtue.
Peace
The boxes on chart serve as reference of possible scenarios, the most probable is in fact the blue one, a retrace to 50%, 61.8% of all move which match with a lot of supports and then back up for the 12k and 15k.
Worst case scenario is still good, although very low, it also make sense and very possible to reach bottom channel of Gann fan.
Best scenario possible is flirt with 8k - 10k for a while and once price touches the Gann fan channel should be ready to start another amazing uptrend, parabolic again I would say, tho this scenario for me is not the most probable for now and BTC is indeed in need of a correction, even more if goes 10k.
***No financial advice***
Do PM me if you'd like to have daily updates and more charts.
- The trend is your friend and patience a virtue.
Peace
Comment:
Chuvashov fork, Ascending triangle, Head and Shoulders.
