BTC will continue to rise lightly in price over the next few hours. The price will begin to fall in the ours before the 1/26 CME expiration of 4:00 ET. BTC will hit $8142 by this point. Volume will be increasing as we reach a peak volume of 10 - 14 K BTC. The RSI will be extremely overbought and near a low of 20. After the expiration and bottom of $8142 we will see a quick rise back to $12,818 for a near 60% Gain. There will be a secondary correction to follow then another bounce to $14,069 for a total short term gain of 72%
Buy on the Dips $10,000 - $8,000
Target $12,800 = 60% Gain
Target $14,000 = 72% Gain
Buy on the Dips $10,000 - $8,000
Target $12,800 = 60% Gain
Target $14,000 = 72% Gain
Note
Note
Even though we did not see a dump before the CME contract expiration I still am seeing correction signs. BTC is in a downward consolidation pattern and will break out in the next day or so. Which way will it go??Note
Note
If you look at the daily chart with such a huge uptrend with an almost parabolic move to near 20K the actual trend line puts BTC around the 8,000 - 10,000 price. If we took out the psychological & media pumps this coin would be around 9,500 today which would put us right on 62% Fibonacci Retracement which is the GOLDEN NUMBER!!??? (For Crypto too?). I think over the next month it will go there before setting new all time highs in the next 12 months. 40K is not out of the question by years end.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.