Hello Traders,
Here's just one of the hundreds of possibilities where Bitcoin might go from today moving forwards into the next 2 weeks. Nothing is guaranteed.
Momentum has not been strong as expected from the breakout from yesterday and steam may be running out as we hit the $13,800-$14K-ish levels.
If and when we break out of our recent ATH of $13,800, we might just have FOMO push us up to $14K, and who knows, maybe up straight up to $16K. This is Bitcoin anyway.
If and when we run out of buyers and sellers starts their move, we might see a retracement back to the golden 61.8% Fib level which is at $11,200 (a retracement to the plotted/forcasted Fib levels). $10,500 -ish is at the 78.6% Fibonacci Level.
We might then have more momentum and refuel this rocket ship during that consolidation period to reach the $16K level.
Always remember to place your stops at the appropriate levels.
Happy Trading Everyone!
Ron
Zoomed Out Chart:
Here's just one of the hundreds of possibilities where Bitcoin might go from today moving forwards into the next 2 weeks. Nothing is guaranteed.
Momentum has not been strong as expected from the breakout from yesterday and steam may be running out as we hit the $13,800-$14K-ish levels.
If and when we break out of our recent ATH of $13,800, we might just have FOMO push us up to $14K, and who knows, maybe up straight up to $16K. This is Bitcoin anyway.
If and when we run out of buyers and sellers starts their move, we might see a retracement back to the golden 61.8% Fib level which is at $11,200 (a retracement to the plotted/forcasted Fib levels). $10,500 -ish is at the 78.6% Fibonacci Level.
We might then have more momentum and refuel this rocket ship during that consolidation period to reach the $16K level.
Always remember to place your stops at the appropriate levels.
Happy Trading Everyone!
Ron
Zoomed Out Chart:
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