Where Bitcoin Might be Heading next.
-I feel it is necessary to state that i am still watching for that move to 5082 USD level and higher, but this chart shows you what could be brewing in the oven as well to help get prepared as "Time in the markets is way better than Timing the markets".
-I would expect this Eliot wave to complete so we could get to the full business of things. Now this is not a prediction of the top but merely a diagrammatic idea of what could happen.
-A consolidation might also dome in play if we see the 20 day and 50 day EMA flatten out at this point, before the markets finally decide if to complete or not.
P.S. This is a market where news amd sentiment plays a strong role and to ignore those is a plan to disaster. So i would advice to do your own research and understand the news and sentiment and see why i thing The hard fork coming up might cause the markets to hold up and trend higher.
-I would expect this Eliot wave to complete so we could get to the full business of things. Now this is not a prediction of the top but merely a diagrammatic idea of what could happen.
-A consolidation might also dome in play if we see the 20 day and 50 day EMA flatten out at this point, before the markets finally decide if to complete or not.
P.S. This is a market where news amd sentiment plays a strong role and to ignore those is a plan to disaster. So i would advice to do your own research and understand the news and sentiment and see why i thing The hard fork coming up might cause the markets to hold up and trend higher.
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