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 weekly chart, they will get...
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
Let's not forget the declining trendline from the peaks of all those sucker rallies!
Bitcoin is repeating the same pattern, it found support and is heading UP. Bitcoin will be the winner of the 2018 FIFA World Cup!
From februari we are moving in a sideways motion. Do not fall for the bear trap if BTC drops below $5700!
The movement down concluded on 2-6-2018 It is now going sideways between $6.5K and $11.5K
We will see $10k in the coming days, as we are ejecting out of a DESCENDING WEDGE.
Looks like we are going to the descending trendline
$9300 is heavy resistance, i believe the selloff has not finished, recent bottom has to be tested again and perhaps even lower to $8000
Short Entry @9500 for the Asians to finish it to $8000
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.
One Ugly Looking Flag --> destination $8800
Hammer inside broadening bottom (hour chart) + positive divergence macd 15 min chart Bottom before next bull run!
LONG TERM BUY (positive divergence macd developing on 15 min chart)
F-flag continuation from $10,940 to trendline at $10,440
Thank me later!