Good morning y'all! Bitcoin has had quite the run lately, and I see a lot of unhappy faces trying to poo poo this rally. Sit down in the back there, chad. This looks like the real deal!
On our last analysis, we looked for entries between $7333 and $7444 which proved to be juuuuust right. I would have liked to have had more orders filled but, thems the breaks.
Now as you know I have been targeting $10K for some time now and I believe, its drawing ever closer. I first mentioned 10k about a month ago when we sat just under $8k.
Having already broken the .618 speed fan resistance, Bitcoin has its sights set on the 50% line and a shot at crossing $10,000.
Currently, Bitcoin is squeezing up against the fibonacci circle's oh so important 1.618 coefficient, and I expect a strong reaction when we pop through....
If you haven't taken a position already, this isn't the best place, but hey, if you haven't made some profit by now then I suggest you reevaluate!
As always I will keep this analysis updated throughout the weekend should we get any important moves....
Good Luck, Traders...
Previous Analysis:
On our last analysis, we looked for entries between $7333 and $7444 which proved to be juuuuust right. I would have liked to have had more orders filled but, thems the breaks.
Now as you know I have been targeting $10K for some time now and I believe, its drawing ever closer. I first mentioned 10k about a month ago when we sat just under $8k.
Having already broken the .618 speed fan resistance, Bitcoin has its sights set on the 50% line and a shot at crossing $10,000.
Currently, Bitcoin is squeezing up against the fibonacci circle's oh so important 1.618 coefficient, and I expect a strong reaction when we pop through....
If you haven't taken a position already, this isn't the best place, but hey, if you haven't made some profit by now then I suggest you reevaluate!
As always I will keep this analysis updated throughout the weekend should we get any important moves....
Good Luck, Traders...
Previous Analysis:
