I believe that bitcoin is nearing the end of a 82 day cycle and is due for a major correction very soon. My price target will be at 5k which is the previous top (point 1) and a 61.8% retracement of point 2 to point 5.
*point 2 to point 1
consolidating triangle on 1h timeframe, I'd be weary if it breaks on the upside
Break triangle on downside, watch this space
Perdagangan tutup: hentian tercapai:
I don't think its coming down anymore, bulls too strong
the relatively sharp 'V' from 7-16 Nov 2017 and the fact that this V helped it to make a new high .. i think it increases the probability that retrace down can only happen till say 7000-7500 area before continuing the rally to possibly reach next peak? comments welcome.