#BTC $BTC short term bullish targets

25 thg 7, 2019

Very short term bullish target areas. Obviously price action must continue to move up for us to hit the target areas. We're starting to see the ALT gains dip back into bitcoin. If dominance continues to grow slowly and Bakkt hype continues, we may see some institutional money flow into bitcoin. High hopes of it happening as fast as I have it on the chart, but it's more about target areas and where we will find resistance. Target areas were determined by Ichimoku cloud, but I turned the indicator off after drawing target areas in effort to make the chart look less clustered.

26 thg 7, 2019

Ghi chú

Remember folks this chart was only for a SHORT term bullish scenario. If it doesn't play out that's fine, as I wasn't expecting to be 100% correct. You really can't ever be 100% correct on bitcoin. I look for trends and indicators that show POSSIBLE movements in price action. Dominance is currently decreasing, and alt market cap is slowly increasing via an ascending wedge. That wedge could break up or down, if it breaks down we will see this scenario play out. If ALT cap trend continues or breaks out to the upside we're likely to see BTC hit 9680-9200-8500-8000 USD.

26 thg 7, 2019

Ghi chú

Correction - **Alt market dominance**

2 thg 8, 2019

Ghi chú

1st target achieved. It was just 2 days longer than my 1st target area represented.

11 thg 8, 2019

Ghi chú

All 3 targets hit. Took a little longer than I had charted.