Bitcoin Idea - Going to $6000?

BITSTAMP:BTCUSD   Bitcoin / Dolar
Hello traders - I know most of you won't like this idea as I can see a lot of traders are bullish for Bitcoin . In the long term, Bitcoin is definitely in an uptrend and short sellers are easily wiped out if they don't short the coin in the right moment. However, I can definitely see the potential for a correction that could take us back to $6000. I'll update this idea as much as possible and let you know once it confirms the requirements. Good luck! - Abdulla

A quick update on the wedge pattern. Still waiting for a confirmation to break.
Lets keep a close on it.

Slight update.
Dagangan ditutup: hentian tercapai
I am charting the same thing. I believe 7950 we will test support. If we break, 6300 is looking prime.
MrKotter ThomasCrown
@ThomasCrown, that is exactly what I have come up with myself. 6250 to be fully exact was the number I came up with with a large potential to still go to $5000
Hi Abdulla, I have been learning a lot from you lately and I just wanted to say thanks for your ideas and your detailed explanations. Keep up the good work!!!
Isn't his a head&shoulder formation now?
@krishna88, I don't see it as a head and shoulder, but thanks for sharing your idea!

What should be the Entry Point for btc for a long term investor ( 12 Month - 24 Months ).

Please suggest

abdullatrader shaktimotani
@shaktimotani, I don't give any trading recommendations.
Rising wedge is a good catch. I also see strong bearish divergence in volume and RSI for a few days now.

@eyupium, Great! Thanks for sharing your idea
I agree with your idea. Waiting for your update.
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