I'm seeing a big sell wall at 13K at the moment. Measuring from 9134 low, the 1.618 extension puts our target at around 15K. It took us 4 waves from what seemed like a correction back to ATH. I'm seeing similar structure will unfold here. We will most likely have a pull back at 13K. It might go down to around lower 12K or high 11K, which puts us at 0.236 and 0.382 pullback zone or it might not even touch the zone and only retrace a tiny bit for a very short moment. Once we break through 13K, I'm imagining some sideway consolidation action happening to give us the boost to 15K.
With CME, CBOE, and Nasdaq all getting their hands on Bitcoin, I think this market will stay bullish until 12/18 at least. Maybe there will be "sell the news" pullback around the 18th, but until then we'll only have minor retraces and keep testing ATHs.
I'm going to add to my position if/when I see a retrace after hitting 13K and after I see a trend forming that gives us a bullish signal.
With CME, CBOE, and Nasdaq all getting their hands on Bitcoin, I think this market will stay bullish until 12/18 at least. Maybe there will be "sell the news" pullback around the 18th, but until then we'll only have minor retraces and keep testing ATHs.
I'm going to add to my position if/when I see a retrace after hitting 13K and after I see a trend forming that gives us a bullish signal.
ummmm.. 13K wall was crushed. We're pushing higer. 16K it is.
BUT we might come back down hard even to 10K-11K.