BTC - Can we see $6600 before 2017 ends? | Trend Analysis

in #cryptocurrency7 years ago

Hello folks,

This is perhaps one of my most bullish trend assessment.

 https://www.tradingview.com/chart/BTCUSD/BhW0a7Sp-BTC-Can-we-see-6600-before-2017-ends/


After the March 2017 downtrend
We see the BTC price rise and going as high as 4.236 fib.

If the current market follows similar pattern.
We can see the following targets

1st target = 1.618 = $3650

Final Target = 4.236 = $6600

Bullish signals
1. Breakout from All time high
2. TK  cross over above the cloud in Ichimoku
3. RSI signalling Bull trend and still not in overbought region
4. Formation of D leg in ABCD pattern

Fundamental = Bullish
BTC segwit lockin on 8th August.
BTC segwit activation 2 weeks later on.

I expect BTC to remain bullish until late october when the 2nd half of NYA agreement comes into play. 

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Thanks for your comment. I will check out your article too

Thank you. Let me know what you think of the article

That was a bullish situation right oh yeah, bitcoin to the moon!

Yeah beyond moon I would say :)