BTC Broke through daily diagonal resistance, 1st fib target (1.618), and 6k psychological resistance.
Expected a deeper correction to 5k but it seems the CME-BTC futures announcement negated that possibility. Took profits too early at 6k, haha.
Next target could be around 7k since its a possible psychological resistance, and previous rally from 3k to 5k has the same length as the current rally (5k-7k). Planning to take profit in this range if a convincing corrective pattern forms.
Expecting a deep or maybe a sideways correction at the next fundamental event (Segwit 2x Hardfork) on November 15-17. 2 weeks left. I think we either consolidate at 7k range or a blow-off top to the 3rd target (8k) may happen before the hardfork event.
Expected a deeper correction to 5k but it seems the CME-BTC futures announcement negated that possibility. Took profits too early at 6k, haha.
Next target could be around 7k since its a possible psychological resistance, and previous rally from 3k to 5k has the same length as the current rally (5k-7k). Planning to take profit in this range if a convincing corrective pattern forms.
Expecting a deep or maybe a sideways correction at the next fundamental event (Segwit 2x Hardfork) on November 15-17. 2 weeks left. I think we either consolidate at 7k range or a blow-off top to the 3rd target (8k) may happen before the hardfork event.
