The End is Nigh for Bitcoin's 1st Moon Trip (BTC Analysis)

Updated

Bitcoin's first moon trip is about to hit target (Fib 1.414). Seeing price climb a measly 2.4% is so agonizing. Alts are fairing much better this time around. I do not anticipate price to hold above the target. This rocket is done for... at least for now. The best is yet to come for Bitcoin. :)

I have 3 targets setup for Bitcoin in this bull season. They are stated in this chart below.

Bitcoin Aims North, Period! - Third Time Lucky Revised

To all my American friends, HAPPY INDEPENDENCE DAY!

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Take care and happy trading, my friends!

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Remember my motto:
The trend may be your friend but the whales are opportunists and more often than not they move against the salient sentiments on TradingView.
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Note

BTC Analysis Update (July 5, 2018)
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What an exciting turn of events for Bitcoin. We can see that price is moving within the walls of a classic rising wedge (bearish pattern). From my updated chart below, I have projected a trend where 'F' is the final stop for our moon trip this time. Coincidentally, this would set the price in direct contact with our target (or VST #1 of my previous chart titled "Bitcoin Aims North, Period! - Third Time Lucky Revised")

If you find my chart helpful, a simple LIKE and FOLLOW would be sufficed to show your gratitude. If you guys are on Twitter, follow me there and get notified whenever I post a new chart or update.

Note

Price is holding up nicely in the confines of the rising wedge. 50 SMA is curving up nicely to meet with 100 SMA. When it crosses the latter, we will see a long green candle.

Note

BTC Analysis Update (July 6, 2018):
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Bitcoin is bullish, make no mistake. Despite it did not play out the rising wedge as we had hoped, SMAs are stacking up nicely in the 4 hour chart. The whales can play mind games to shake off weak hands, making the trend can go down a little, move sideways, up a little and repeat... but I have more than high hopes that price would not revisit the bottom before hitting higher levels (all of my 3 targets). Patience is key in trading and that is how good traders make huge profits while bad ones scrape bits. Sorry I don't have a chart as I am traveling again. I will post a new chart as soon. Happy trading!

cryptoezvip

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