Bitcoin technical analysis #22 - Up to $4800 or crashing hard?

in bitcoin •  7 years ago 

Hi guys this is a quick update on the Bitcoin (BTC) current situation.

Happy trading xx

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Several people are predicting a pull back. We have gone up very high very quickly so a correction is to be expected!

you are correct quite a few people now predict a pull back. Many say either a modest pull back in the next couple of days or sit around $4100 until 22nd and then back down to stablise at $2000 mark before another bull run until November ?

Some pull back but no hard crashes.

If only some pull back but no hard crashes, then chances are we will go to 4800... I'm 50-50 right now... We can only wait to see if that 4120 is broken on the way up or not & then take the analysis from there...

I am a firm believer that BTC will hit $13,000.00 by February 2018

Is that because of the web bot said so? Or do you actually base it on fundamental/technical analysis?

I'm going long on "because webbot said so" for jetblake

Just asking cause I think Clif also said 10k gold 5k silver in 2011 something like that? I could be wrong with date & exact price but I remember it was something as absurd as 12k bitcoin in beginning 2018... I mean if he keeps trying he will eventually get it right but, that doesn't prove the web bot even exist, that will be getting it right by probability... Even a broken clock will get the time right once a day ;)

Based on growth trends. What is web bot?

webbot is a software that clif high made. it makes predictions on things based on what the trends on the internet are or soemthing along those lines - google clif high webbot - im sure his website will pop up, there are also youtube interviews where he explains it better

Ok. Thanks

awesome

I sure hope we see a pull back below $3,000! I need to buy more Bitcoin!

Hi,

Thanks for your analysis,
could you please share also your chart link here ?

Hi this is my link, i'm working on the BTC-USD (1 week - bitstamp) & BTC-USDT (1 hour - Bittrex) https://www.tradingview.com/chart/gZUDlRzP/

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4120 broken :)