BTC, targets for the summer++! Current correction still ongoing!
Updated
Disclaimer:
//These are my rough estimates for bitcoin//
After this last final correction, I think we will see a surge in price and breaking above the current triangle, and eventually the hard resistance at 12000.
Of course, it is way to early to tell if it will bounce and especially hard to tell, how much it will bounce after the correction is over.
Overall, quite a positive outlook(unless it breaks bellow 6800/6000), looking forward to see what will happen this summer!
As always, agree, share or comment any suggestion or addition to the chart, all critics are more than welcome!
//These are my rough estimates for bitcoin//
After this last final correction, I think we will see a surge in price and breaking above the current triangle, and eventually the hard resistance at 12000.
Of course, it is way to early to tell if it will bounce and especially hard to tell, how much it will bounce after the correction is over.
Overall, quite a positive outlook(unless it breaks bellow 6800/6000), looking forward to see what will happen this summer!
As always, agree, share or comment any suggestion or addition to the chart, all critics are more than welcome!
Trade active
Buy in positions:#1: 7068
#2: 6876
Note
I know it's not visible from the graph as this is more focused towards whether it will hold the current supports in the next few weeks.I'd say after the surge over the weekend we might see a final leg down to next week 7060/6860(forming E).
Possibly breaking out on D, could be a positive thing for the sentimental aspect of the market, and would be quite a positive thing, even though the bounce won't be as strong as if it, went for E.
The probability of going down bellow 7000 currently I would say is 40/60% vs making a bounce to the old highs(just because, it's the weekend,stability expected!).
Note
Update:No D, just forming a stretched out ABC, bottom around 6860-7000, if it breaks this level, hard to say what can happen.
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