Bitcoin Higher High Incoming? BTC/USDT #Bitcoin $BTC #crypto
Here we see our Binance Btc chart having hit 13300 (just like my chart from 5 days ago predicted , I'll link below ) and will probably see some retrace . But is this it ? Is that our high for 2020 or will we continue up after consolidation again ? I have to look at the big picture here . Our low last year in 2019 was around 3150 and then this year 2020 after our big dump out in March we hit a low of around 3760 . That's a Higher Low . Because our low this year is about 600 dollars higher than our low last year . A Higher Low is bullish , of course , when combined with Higher Highs ( as the chart moves up in a channel . ) So to be long term Bullish I believe we have to make a Higher High this year, and I think we will . Not higher than All Time High of 20 k , I mean higher than last years high of 13940. Now we have a fib right there at 13964 - you can see it in my chart written in black - that's our .65 fib . But if we hit up there and get rejected it would not really be a higher high , it would just be kind of the same level as last year . I don't think we are going for same level , I think we are going for Higher High from last year's number just under 14 k . So what is the next fib above there ? Above that .65 fib ? The next fib up is the .706 fib near 14879- see it written in red on my chart - this .706 fib is also know as a reversal zone fib and it seems like a good spot for Btc to top out this year ! Could happen in the next month . See the red arrow on my chart for possible area of 148xx price hit .
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Higher high hit ! Seems we hit 14100 on Binance and that is higher than 2019 high of 139xx , but many are expecting 14400 , and I'm expecting 14800 but let's see .
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We did it again ! Higher high of 14900 hit this morning , also we hit the top of our Gann Fan . I
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Target reached . Higher High ! We did it again as Bitcoin wicked up to 16400 area ! Exciting times . Most expect a bit of downside but it's also possible we see 16800 .
