I think it's realistic to say we'll see price reach 675-700 before heading up again. If you are long already, just hold your positions and be patient.
Maybe just maybe.. red arrows? I think it's realistic to say we'll see price reach 675 - 700. It will most likely create a wedge and consolidate for a while before heading up and making new highs.
Weekly Candles have stopped making big wicks, we are up for a correction ? Jurik's RSI (smooth rsi) also shows overbought levels and after every bull phase, btc has correction so i guess we are going to go sideways and then a dump maybe and then form support and hit 6000 levels.
Bitcoin is heading to 1000$ everybody knows this, thats why this trade is risky. The cloud is my protection; my stop loss Hope you enjoy the upcoming fun.
Hope that this will help decision making. All TAs and FAs welcomed in the comments as always. My previous 5 month old noob EW wave count was aiming for 900 USD region and then changed to 800 USD. CHEERS !
Just something to think about.
Bitcoin 2016 June. Possible crash/down