If current pattern continues and resolves to a wave 5 completion , which ends at 63kish , we have firmly broken prev. ATH and can expect more up.
If current pattern discontinues at prev. ATH which sits at 58k-ish, (by means of a firm rejection at that level), the current formation points down and could in theory resolve into filling the cme gaps at the 9k ish levels.
Besides another scenario that will be applicable when we break prev ATH , one that shows a wave 1-2 formation at 43k -52k-46k(ish), there is not much more to say:)
@oshell, well, i personally wouldnt mind cheap(er) BTC, i ll sell and buy back more :)
I agree 9k sounds unbelievable, yet i am eyeballing btc for years now and it has never failed to surprise me
oshell
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@timschuiling, I do not rule out any possibility, but you have to take it one day at a time. having targets way low under lasts cycle ATH of 20k while we are above all long term MAs and are near to new ATHs is just wrong. There is a time to be bearish and a time to be bullish. Now is not yet the time to be bearish is what I am saying and targets like 10k are just delusional short to mid term. I am able to adjust my views, but only once we break MAs on weekly and daily.
PokeBoy_1
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BTC don't care anymore for any patterns, only whales games....
KingRekter
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@mgrenda, sure whales do not like patterns, they got rich gambling :)
KingRekter
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@mgrenda,
KingRekter
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@timschuiling, to me it looks like btc loves patterns at the moment.