BTC heading to 8k before the next bull run?
Updated
BTCUSD 4H
Chart says it all!
Chart says it all!
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The marked area below the 8k level would be the second potential buy zone to look out for in case price breaks through the first areaComment
Wave (c) of B in the making. Expecting further upside & the completion of wave 4 soon.Comment
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Sell zone has been literally hit to the T ! However, there is still more space to the upside. $13.500-13.700 area is another strong confluence zone. This should be the maximum target. I am not expecting this level to be violated. If price proves me wrong, we'll see the start of the final bearish leg from there on.
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WE MIGHT - keep that in mind. It is a if..then scenario, as shown above.Trade closed: target reached
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waiting for the next bloodbath to continue... once price has hit 8k, the market will be ready for the fifth and final wave of this cycle.Comment
The price might continue to rise, but as my forecasted sell zone has been hit, I won't be greedy to squeeze the last percentages out of that one :)Comment
Playing out perfectly so farComment
Nothing has changed so far - a doji on the daily won't change my current short bias, as the bearish structure is still fully intact. This is a possible scenario, if we see price pushing a bit higher for the next few hours.Comment
Bias hasn't changed yet - still bearish. Currently in a triangle, which will either play out in a three wave (abc) or five-wave structure (abcde). Comment
Hey guys, same as my XRP idea the forecast is playing out perfectly so far. As for now, we are in my opinion in the third wave. Therefore I expect to see another minor correction (wave 4) before we see the final push to the downside. 8.2k-7.8k is still my projected target - but nevertheless a drop till 6k levels is also possible. I will update this idea, once wave 4 is about to end/has ended.Comment
Buy zone has been hit to the T! Congrats to the patient. However, same as with XRP - I do see three subwaves of wave c only. So, as I've wrote it in my last update yesterday, I do expect a final minor correction to the upside (wave 4), before price crashes once again. This can either play out in form of a double bottom, or if the recent low gets violated then I'd be looking for 7.3k-6.9k and maybe even lower. Will have to take a look at the charts when the time has come. Updates will follow!Comment
Very similar structure as XRP. Look for a three wave structure and the marked zone for potential shorts. We have two different buy zones. Once the fifth wave is in play, I will update this idea. Safe trades!
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