as you can see, there is still some resistance waiting for us, but the bulls are winning
that being said, we could expect some bear movements after a bull movement (captain obvious)
but fear not
People talked about an which reversed the , that is true.
the market indeed had a rise in the last couple of weeks
but the scale of the pattern wasnt as big compared to the daily pattern
the market havent finished making a bottom yet and I would expect another short fall from the bears which will complete the large scale of the
that would be very healthy.. who knows where we will stop.
a trader which I trust very well and have done this for many years (not only bitcoin ) and done it as job expects the market to go to 50k.
I trust his prediction, and would expect us to go there as well.
2018 will be a good year traders.
For short expectations, I see there is a symetrical triangle occuring (as always) and as you all know, symetrical triangle is a continuation pattern, and the bias is to the uptrend (looking at @magicpoopcannon's post) there's a that has formed, and we would expect the breakout to go to 1200k and then me personally I would expect a fall.
ofc the numbers cannot be 100% accurate so, I always take my profits when the break out is 80% of the target
I'd rather get out when its almost there than to wait and fall.
this is not a trading advice, its for educational purposes only
make your research before a trade.
Some part of me thinks that BTC will test 9.7k support again for the right shoulder and then it would rise (silly me, made it all upside)