Bitcoin / TetherUS Perpetual Futures 06 Jan 2020 (BINANCE)
Heres a further update to my BTC prediction.....
I am seeing BTC grind its way up to 36k from here, possibly in an ending diagnol structure. It is not a pretty count.....but I do believe it is valid.
This should end the big impulse up and be ready for a substantial correction.
Failure to break 35000-35200 and stay above it, may lead to a drop to 32100 - 32400 region to form a larger diagonal which possibly goes up to 37000 later.
I prefer this as this provides a larger timeframe for alts to shine.
Once either target is reached, I expect a much deeper retracement to 26000 or below.
Watching this move carefully to see which way it goes. I would not be surprised to find a major wick above 36200, so I would not short this just yet.
I am seeing BTC grind its way up to 36k from here, possibly in an ending diagnol structure. It is not a pretty count.....but I do believe it is valid.
This should end the big impulse up and be ready for a substantial correction.
Failure to break 35000-35200 and stay above it, may lead to a drop to 32100 - 32400 region to form a larger diagonal which possibly goes up to 37000 later.
I prefer this as this provides a larger timeframe for alts to shine.
Once either target is reached, I expect a much deeper retracement to 26000 or below.
Watching this move carefully to see which way it goes. I would not be surprised to find a major wick above 36200, so I would not short this just yet.
Still in play. 35,700 target reached. Looking for the retrace to 34,800-35,100 and then up to at least 35,900-36,200.