A simple projection based on 10 EMA, 21 EMA, 55 EMA & Fibonacci
Based on this idea I think that the 10 EMA will cross the 21 EMA and we will touch the bottom of the wedge at around $10000 before testing the upper side.
As soon as we get some momentum I think that the 21 EMA will cross the 10 EMA and we will get some BULLISH ACTION!
When we get past the upper...
I have been comparing the gold & bitcoin chart for some while now and it's really interesting how similar these charts are. I have had some good trades with this idea the last months.
I will update this idea with my thoughts later today after some sleep.
Meanwhile i would like to know your perspective of this idea:
* Do you think we will...
We did consolidate between the $11850 and $12000 level as I suggested yesterday. We didn't had enough strength to push through to next target at $12100 as i thought.
I think that we will consolidate under $11750 and eventually push up later today to test the upper level again.
Neil HODLstrong here!
Second and third target reached.
We are meeting some resistance at $12000-level and also around $12090.
I think we will consolidate just under $12000 before we test our $12090 target.
And then PUMP through the ROOF.