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2 519
I think a big bounce is incoming. We should see either a 50% rise, if we mimic 2014's price increase, or a 80% rise, if we mimic 2014's fib level retracement.

>>Large Stop-hunt.
>>CME Shorts settling soon.
>>Big bull divs.

Think whale's will pump & dump sideways for choppy waters while they accumulate as much as possible. Once CME closes then the market should pump. Profits will be used to re-short the large rally at the top.
Not
Dis

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Da hunt.

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Alternatively, the Wedge bottom could be at either of the 2 Red Boxes displayed below. Since 2014's wedge was drawn on wics, this one could be too... which means that this upcoming relief bounce could be the last one before 2-3 weeks of blood.

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As for the relief rally, I believe that we'll be going sideways for a bit. Perhaps challenge 6K for a double-bottom bounce before we come down to break it for a steep drop.

So roughly...
5800 - 6200$ for accumulation level.
6500 - 7000$ for relief rally bounce.
Not
Down we go. 6K Next target?

BTC Nalysis

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.