The title says it all... 3 White Soldiers (on the weekly chart)!
Bitcoin might reach $20,000 sooner than most would have guessed. Next 2 Months perhaps?
Also, have a look at BTCUSDSHORTS www.tradingview.com
The margined shorts have spiked since September 2 in anticipation of a dump, too bad they did not see the 3 white soldiers on the...
If we break down the 1st level support at $6000 we will decline further down to the 2nd level support at $4100 level before end of August. Bitcoin will follow the path along the arrow towards the 2nd level support.
IMMEDIATE TARGET $8400 FROM FLAG FORMATION.
After that, a retest of the the declining trendline at $7600.
The Cup and Handle at the BOTTOM signifies an END OF THE BEARMARKET AND A BREAKOUT OF THE DECLINING TRENDLINE
BTC still inside broadening formation, i believe (and hope) the FINAL TARGET will be $8000, the trendline from the last selloff, and just below .618 fib retracement. I believe INTERMEDIATE TARGET will be .50 fib retracement at $8800 and also an important SUPPORT.