Just idea..., some indicators in good set up for that kind of outcome.
So fun to watch, Bitcoin is real roller coaster ride :) So short term, $9730 is the main target for the bulls...
Getting some more often action lately, that is good for the market, we need it to be dynamic. Perhaps we get a good bounce on 4h chart. Ichimoku still in good position, doors for up still open :) Let see what weekend will bring us :) One think is for sure, $10k is getting main target for the bulls, good confirmation of a bull trend would be $10500. Until price...
Just a naked prediction of price movement in next coming year.
Side way movements are never too long... sooner or later decision have to be made. As long price is under $8950 bears are in control. Above purple box, bulls can change the game. Under $8600 is very critical, mass of stop losses could be triggered, dump can follow. GoOd LuCk All ;)
Nothing much to say...maybe the same pattern in play. Let see how it will play out :) GoOd LuCk!
We saw some action today with some Volume, it could make it bullish, IF daily candle close above $7k. Let see how it will play :) GoOd LuCk!
Crazy times for BITCOIN , The expectations crowd opposite rule take place again :) But bears are still trying to put price under $7k which is crucial for them. If they make it, we will see much lower prices. Let see how that will play over next few days :) GoOd LuCk!
Bears are making one last party before Halving :) Short range: T1: $6100 T2: $5800 T3: $5k Mid range: Main target: $3k
ETH probably will have one more leg down before the big rise. Bitcoin can experience the same projection. GoOd LuCk :)
So there was no fake out.. just dump :) If pattern will continuo, we will see another drop in few days.
Since price did not overpass $10500 things did not change a lot. I was talking about declining Volume already on 1st wadge. There was typical fake out with very low Volume and even after not such huge drop there was no income Volume. Charts are repeating...and probably with Word situation i expect this Wedge will be the same. Price have some room to go up but then...
At this moment words are not needed, all the World Action, collapsing and bla bla bla.... IMO price is exactly where it should be at this moment. The key is to stay here, above $5k and go back up with the trend. Maybe someone will say it is to early to talk about that..., Maybe, but everything has a limit. Next couple of days will be very important. All exchanges...
We have a strong trend line. IF this holds, we are good to go. Anything under below that line can make price dump for another 1000 points.
No big deal, we saw that kind of drops multi times... no worry :) For now channel is formed... let see consolidation in next fey days...then the party can start again. Good Luck! ....I was talking about this scenario while ago..., here is one old chart:
Bitcoin is in a good position for higher levels, price must stay above $9k.
Please HiT the Like if you are reading this :) tnx I Think price will be in this range for few days or weeks. One more drop and testing the blue trend line (very important one) would be good for the market IMO. $8300 is big support, but short term under that level is not big deal. Shortcut for the bulls is if price breach $9k in next few days (low...
I was talking about $10400 huge resistance time ago...., and it looks that is real cookie .... so, IMO price will stay bearish for the next period, probability of a bigger dumps are included. Halving si coming soon and everyone expecting rocket lunch... i believe some ugly manipulations will be done before we will be in cosy bull run. Bounce from $9100 would be...