Where is Bitcoin headed? - Bitcoin (BTC/USD)
Updated
This is not exactly an analysis nor is it a parody. Each of the available paths on the chart is based on what I think will likely take place (not ruling out the bloodbath). Instead of always being the analyst to tell you where Bitcoin is headed, let's switch roles for once. Wear my shoes or a whale's shoes and tell everyone which path you think Bitcoin will most likely take.
Could it be the (1) Rising Wedge with a ceiling of $7300 - $7500?
Or how about (2) The Double Bottom around $5800?
Or maybe the crowd favorite, (3) The Triangle Saw of Blood?
Time will reveal whether you make the right choice! Please comment your answer below.
Could it be the (1) Rising Wedge with a ceiling of $7300 - $7500?
Or how about (2) The Double Bottom around $5800?
Or maybe the crowd favorite, (3) The Triangle Saw of Blood?
Time will reveal whether you make the right choice! Please comment your answer below.
Note
Only a few brave souls have the courage to give a proper answer. I salute you! Here is mine...Trade closed: target reached
We reached our target. Congrats, guys! It's late so I am done for the day/night. I will post a new analysis tomorrow. Meanwhile, you may refer to this chart below:
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