Bitcoin is currently trading at 8880 after perfectly following our previous analysis (See my related for details of my original analysis) which offered the signal that Bitcoin was going to rise nicely. Price has completed the up swing we previously predicted and is now correcting at 8650 in preparation for a new up move. As it stands, price will break 8890, closing above the side-ward resistance line and hit the upside target at 9360.
Price is likely to continue the up move, and buying soon with the right setup is an intelligent idea
After the up move has finished I am expecting some minor downside.
Bare in mind, that the upside move will likely put Bitcoin in for a longer overall bull trend.
I will update this analysis when I receive above 40 likes.
EW failure again? BTC going back to the choppy trade side way for rest of the day/night, eventurely consolidation to $8704. The final moment of true will be decided there with a big break up/down move. I hope it's break to the up side. From there on we will have a complete reborn BTC with a new life cycle. If break to the down side, we will have to retest $8200, $7200 or $6600..
Break out time 10-12 hrs from now!
This is not a financial advice... It purely a magic ball prediction.
TomProTrader
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@KH2017LV, And saying a breakout will happen in 10-12 hours isn't a magic ball prediction?