Bitcoin 100 weekly ma keep being support at $7800, now looking to go $8300 in the short term, daily chart also shows reversal, slowly working is way up.
Just repeating the same bottoming pattern that made at $3200.. .the current resistance to consider a brekout is above $8700. So if this pattern is playing the same you will see bitcoin hitting $8700 in the upcoming week.
same situation than in $3500, you are seeing so many altcoins going up already, and you will continue seeing this, they will rise more than bitcoin until bitcoin manage its breakout and start another strong uptrend.
These are short term targets, mid term I Remain bullish with a possible target of $11.400 in November/December
hey guys, bitcoin reached the short term targets within a day after posting the analysis, I didn't expect to to be that quick.
Here is the update, I see a huge ascending triangle(bullish pattern) on a weekly scale, selling points are $11.500/$12.000 support of the triangle (buy zone) $8600/$9150, I don't believe we will see $7400/$7900 again.. The strengh of this move is saying that most likely will continue to go higher to the top of the triangle $11.500/$12k
Here is the update, I see a huge ascending triangle(bullish pattern) on a weekly scale, selling points are $11.500/$12.000 support of the triangle (buy zone) $8600/$9150, I don't believe we will see $7400/$7900 again.. The strengh of this move is saying that most likely will continue to go higher to the top of the triangle $11.500/$12k
One more thing, I don't know when it will breakout above 12k, but probably it won't do it at this second attempt, it can take months in a tight range, I draw a red vertical line, check the bottom right of the image, it has an approximate date where it could be locked inside that structure.
Forwarded from Deleted Account
Hi guys there is a cool app you can download, called, "electroneum" it allows cloud mining, if you use my referral code you will earn extra coins, also if you refer other people yoyr mining power increases by 5% per every referral. Try it out, there is nothing to lose.
quick update on btc, still the same bull analysis, waiting for the price to break this bull flag,the current resistance is $9500, breaking above ona daily close will make first tp $10.840 2nd tp $11.700/$12.000
Bitcoin Wizard
Photo
stellar finally breaking out, had estimated date in November 4 according to the statistics of the previous breakouts around 70 days of accumulation
Hi guys I'd like to share a chart that is indirectly related to cripto currency
This is the smp 500, one of the American indices, as you now the economy of the world follow the US economy, this is easy to appreciate if you check the chart of the indices of other countries and compare to the American indices. To be brief, this chart is extremely overbought and divergente on a monthly scale, in my opinion we probably are 15 to 30 days away from the top, that could potencially be 3180/3250, targeting around 2100 in a 2 yrs period, this means a global economic resesion, and this is not necessarily bad, they are just cicles, the are other emergent markets that should strongly rise as the economy decline, the most volatile are are Gold, Silver and Cripto
Gold: trading at $1464 should reach at least $1680/$1700
Silver: is trading at $16,7 and should easily reach around $24 per oz if not higher
Bitcoin: is been tracking gold, I'm also bullish on bitcoin which should be the most volatile asset of these and reach $20k most likely to break it to the upside and make new ath
all these targets I estimate around a 6 to 8 month period around
Silver: is trading at $16,7 and should easily reach around $24 per oz if not higher
Bitcoin: is been tracking gold, I'm also bullish on bitcoin which should be the most volatile asset of these and reach $20k most likely to break it to the upside and make new ath
all these targets I estimate around a 6 to 8 month period around