$BTC update The road to 6k

9496 27
This post is an update from my earlier set up, about a month ago where I called (again) BTC to $6.000,- Link to that set up is below.

Past days, we have seen a mind blowing bull run for BTC . Since the first set up, it rose $2.100,- in a month with some spectacular movements up this week.
In my opinion its very tricky to chart BTC in such days. When its on a roll, it just keeps going but I think I've found a scenario what seems logical to me. Lets give it a try:

This new set up is just a follow up from previous, nothing major changed. I'm still looking to the same targetted area which starts at $6.200,= This targetted area ends a 5 legs cycle, as shown on the Daily chart left. What happens around that area is for later concern, lets look at lower timeframes.

On the chart on the right side, I've also drawn a 5 legs up. It seems to me that we might see some correction which makes leg 4. Leg 5 would end also in the blue box. I'm not sure about leg , if it will go that low (which isn't really low).
But TA whise it would be logical that we see some sort of correction. Indicators like MACD and RSI show that we might get some correction.
Once again: when BTC is on a roll, it just keeps going.

Target areas on both chart correspond to each other, coincedence? Targets are calculated with a mixture of Fibonacci Retracements and Extensions. Most of my TA can't be found in studybooks, a lot is my feeling, experience and I pick what seems most logical to me. Die hard Elliott Wave believers criticized my methods and were announcing BTC collapsing since $ 3.300,- but I'm still here ;-)
评论: Slowly getting the feeling BTC won't make more corretion right now and goes straight to 6k......
Just a feeling... Be carefull wiht buying alts right now!
评论: this might be today's play in BTC. We're in a flat correction which could lead to a push up. Right now we're forming a bullish flag which might bounce in the blue box for a move towards top of the flat pattern

Thank you for the info.
+1 回复
Crypto_Ed Darakaye2
@Darakaye2, nice glassses
+1 回复
Darakaye2 Crypto_Ed
@Crypto_Ed, Thanks, Babe
+1 回复
It's the cycles, cycles, cycles,...
Yea at the moment I also think there's no correction short term.
At least it doesn't look like it, although I would like to have one so I can get more coins.

Thanks for your view man, really interesting approach!
Sold 50% of my BTC at 5800, will buy around 4k lvl when we go there
eimsav simo110j
@simo110j, will have to wait for a while.. better rebuy at 5.2k ;)
simo110j eimsav
@eimsav, have a buy around 5k now ;-)
Akitadunk simo110j
@simo110j, doesnt' look like will go to 4k soon as its strength is different from top 3k and 5k. It may hit the 2017 top ar 7k before do the correction.
+1 回复
simo110j Akitadunk
@Akitadunk, @eimsav, have a buy around 5k now ;-)
Do you think the correction will happen after it hits $6000? Or do you think it still has legs to go higher before the next correction?
ZH 简体中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 繁體中文
AR العربية
HE עברית
首页 股票筛选器 外汇筛选器 加密货币筛选器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 插件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
概述 个人资料设置 账号和账单 我的客服工单 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出