I am predicting that we will see BTC enter the $7k-$7.5k range this week (likely within the next 72hrs). As it can be observed on the attached chart, we are currently trading at the $5.9k level.. However, this is only a shakeout following the completed pennant pattern outlined in purple on the chart. DO NOT BE DISCOURAGED BULLS. THE RISE IS COMING. Not only do we have a bullish continuation signal in the pennant, but we are also finishing up the handle of the cup and handle pattern that is present on the 4hr chart, yet another bullish indicator. LETS GET THIS BREAD.
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Help a brotha out and drop a like even if you're bearish! I am trying to build rep so I can chat with all you wonderful people!
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Once we enter the $7k-$7.5k range, I will be actively looking for where I will be opening a short position, since we will most likely retest $5.5k... stay tuned!!!