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.
Komen:
*point 2 to point 1
Perdagangan aktif
Perdagangan aktif:
consolidating triangle on 1h timeframe, I'd be weary if it breaks on the upside
Perdagangan aktif:
Break triangle on downside, watch this space
Break triangle on downside, watch this space
Perdagangan tutup: hentian tercapai:
I don't think its coming down anymore, bulls too strong
Hi, thanks for your TA. Do you have a timeframe for the 5k correction? is it december, Q1-2018 or...?
Balas
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.
Balas
@prashantagarwal, Nice observation, the 'V' was a lot sharper than previous. The way prices were able to hit new highs after such a sharp dip could indicate bullish strength
Balas
@bonnzer, haha based on these indicators, bitcoin will either go up or down
Balas
where to place to buy sir? 5K isnt too low.i afraid it doesnt go there and i lose the oppurtunity to by in dip
Balas