BTC on 4h frame made a nice breakout in a bullish flag formation. MACD also crossed the signal line in on 4h and daily frame. Expected maximum target is 7670 euros.
Most possibly bitcoin will stay around 8000 for a while - 3-6 Months. The main bullish support line is 7000, below which another bear market with bottom at 5200 is very probable
BTCEUR - Into Bear Flag, Previsione for a Short Position from 7.150 EUR to 6.080 EUR, (-14,56%) BTC comes out of a very marked flag of about 73 days. The output, about the movement that took place later, clearly defined a FLAG POLE and a fairly marked BEAR FLAG is emerging which is now 26 days. By performing the FIBONACCI tracing on the flag pole and reporting...
Still within the bear flag. Possible bounce at 7,5k Euro in the next 4 days. 3 cycles with regular divergences on the same periods. Now enter into the 4°cycle.
If we hold support here I believe we are going to be pushing up to around $8,800 if we can sustain bullish pressure from there I believe a retest of $10,000 could be next. Although if we reject from those levels I believe that we could be falling down to around $6500 and lower!
BTC will continue is bullish momentum for the next day before making another higher low. sell @7700-7800 rebuy @7400-7300
As mentionned in my previous post, BTC follow a pattern and tend to repeat history. BTC will retest 7000e before entering in an accumulation and a new parabolic rush as seen in the last ATH of 2017.
Long breakout at monday daily opening after a range weekend. Long the breakout.
Possible triangle compression, with a upper trend, till 10800, and then triangle breakout with 20k possible in second half of 2020.
The weakness in the alt market after BTC's jump the other day makes me think BTC is priming itself for a final wave 5 pump to the top of the channel. I'm going to set a target price of ~$9300, but think we could hit resistance anywhere above $9,000. I think that will be a good area to exit if you are moving into USD. I will also have my buy orders ready for some...
The slight break of the 7.4k support indicates that the horizontal movement of the last few days could change to a new value collapse. In recent days we have seen attempts at bullish movements but without success. In fact, it can be thought that the bearish trend will win to confirm the current downhill channel again. #surfthetrend #trendsurfer #coinbasepro #btceur