BTC have been amazing all year long, but now I see signs of an over-extended pattern in the medium term.
All my indicators make me think it will retract soon. And this time, might be more than the usual retractions we got used to.
The TD Sequential Indicator has a peculiar moment where we are completely align in 3 of the most accurate time frames (Monthly, Weekly and Daily). All time frames will have a 'nine' candle ending after Sunday close (see charts below).
And also, the 10K touch of the value is a well known psychological barrier.
So, prepare yourself and be cautious in the next Days/Week.
If the event occur, we might be going down during 1 to 3 months or in the best scenario we might be moving sideways.
Long live Bitcoin . We are here to buy the dips.
This is only my opinion and don't use it as financial advisory. Always do Your own due diligence and make Your personal decisions.
And we have huge news from NASDAQ. Bitcoin futures too be traded there also. After CME announced the same.
So, the dip might occur, but the 1-2 month sideways seems unreliable
I will not tell it, because i really don't know, but i will point to 2 good resistance points. Especially the 2nd (lower one)
I'll stop following the price. That's why i don't like to put values... it's really hard to get it.
What I tell You is to be cautions during those days/weeks... and analyse closely all the movements.
Does bitcoin reply to emails? :)
The only but in that thesis is the next fibonacci number 13. It will broke the tendency of growth that we have:
What is your opinion?