Looking at similar trends, will we be at the 11,500 (11,400 est) by 12 tonight, midnight on 6/22/19?
It looks inevitable. Unless we hit a wall at the 11150 resistance, it seems to be a matter of 5-6 hours. I will be watching pullback at 11150 and 11500 levels, possibly to the 10800 and 11150 respectively.
If we have a new low that introduces itself along our channel of course this timeline will be prolonged.
It looks inevitable. Unless we hit a wall at the 11150 resistance, it seems to be a matter of 5-6 hours. I will be watching pullback at 11150 and 11500 levels, possibly to the 10800 and 11150 respectively.
If we have a new low that introduces itself along our channel of course this timeline will be prolonged.
Comment:
Update: 11:27 PM EST (23:27)
As time goes on and this plays out, looking like we will hit our lower channel of 10500. If this channel holds, I truly believe we will see 11400 within 3-6 hours of this bounce (shift bullish arrow by the hours mentioned).
If this level doesn't hold, a correction might be inevitable to 10200 or 9850.
As time goes on and this plays out, looking like we will hit our lower channel of 10500. If this channel holds, I truly believe we will see 11400 within 3-6 hours of this bounce (shift bullish arrow by the hours mentioned).
If this level doesn't hold, a correction might be inevitable to 10200 or 9850.
Comment:
Update: 8:50 AM EST -
So we did not hit target, stuck in consolidation and what is probably people buying and selling the oscillations, making breakthrough difficult.
We broke through lower channel so we are now deviating from this route, and with this uncertainty both directions are possible at this point.
Will wait to see how these next 4 hours play out as they are crucial!
So we did not hit target, stuck in consolidation and what is probably people buying and selling the oscillations, making breakthrough difficult.
We broke through lower channel so we are now deviating from this route, and with this uncertainty both directions are possible at this point.
Will wait to see how these next 4 hours play out as they are crucial!
Comment:
See my updated chart at Bitcoin Analysis Part 2...
Playing out exactly as stated so far in that new idea!
Playing out exactly as stated so far in that new idea!
Trade closed: target reached:
Closing Trade: Target Was reached on June 25th
Diverged from our strong bullish run -
Definitely being set back by bears and medium sized dumps in the market which seems to make other buyers bearish as well, not being able to even cross the 1100 mark.
Still bullish, but bulls have been tested relentlessly this past few hours. Hoping these levels hold otherwise will be looking for pull back to support levels mentioned.