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.
Yes, indicators say this will happen. I wrote this today https://steemit.com/bitcoin/@jetblake/owning-1-bitcoin-will-make-you-part-of-the-1-of-the-world-s-wealthiest-usd228-6-million-dollars
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Thanks for your comment. I will check out your article too
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Thank you. Let me know what you think of the article
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That was a bullish situation right oh yeah, bitcoin to the moon!
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Yeah beyond moon I would say :)
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