Head and shoulders? Possible retest to trendline or monthly support? Over all target is 20k!
MAs crossed over with major bullish pattern. pennant could break soon!
this might take us all the way to 2018 to fulfil . Amazing risk reward! its just an idea, please do not go ahead and start placing trades...
Last analysis I provided my three overviews which were: 1- Monthly resistance (9784) will become new support, consolidate for a while and shoot up to our next target 11k, 11133 to be exact. 2- Retrace to 4hr fib 38.20% level (9244), 2nd leg and head for the target 11133. 3- Retrace back to Daily 38.20% fib (8435), which was also previous monthly R/S, and a major...
Bitcoin is back at its previous resistance, after the pennant broke, we need to break this consolidation zone. TP is the same!
Bitcoin just took off after 8314 consolidation zone! We have three overviews. 1- Monthly resistance (9784) will become new support, consolidate for a while and shoot up to our next target 11k, 11133 to be exact. 2- Retrace to 4hr fib 38.20% level (9244), 2nd leg and head for the target 11133. 3- Retrace back to Daily 38.20% fib (8435), which was also previous...
Bitcoins new target is 9,784. (overall 10k) We can expect minor fib retraces to 38.20% (monthly support/ tl) Lets bank!!!
Bitcoin has came up very quickly/ earlier than our analysis. We can hit our target and eventually 10k, but we need a slight pullback/ fib ret. Which leg will hold the ret?