A monumental move could happen at any time in these upcoming weeks. In this weekly chart of BITSTAMP:BTCUSD , the historic triangle or the apex dating back from 2013 is nearing an end. This upcoming month should be a decisive point for the coin, and we should be mindful of it.
From a technical analysis perspective, the triangle consists of a nearly two-year-old...
I believe $BTC could range anywhere from 37k to 40k by the end of April to early May. We could see Bitcoin retrace back down to between the 0.618 and 0.65 Fibonacci level, aka the golden pocket. Another potential area Bitcoin can come down to is the 0.786 fib channel level as $BTC has rejected the 0.5 fib channel and is now testing the 0.618 fib channel level. I...
This monthly candle seems crucial.
I see two major scenarios that can play out from here.
Scenario (A):
If September candle closes above the green support line, then we go bullish for the remainder of 2018. HODL and accumulate BTC on dips. This is the relatively easy scenario.
Scenario (B)
If September closes below the green support, then we could go...
