I like to analyse the Weekly time frame to give me a perspective on when I am forming my Bias. The Bias is still bullish and it simply looks like a minor correction of the previous rise and we are looking at making a higher high. If price closes above 11380 then 13448 (overlapping fib areas) well then we may see a double top at the All Time High. Price action will tell us when we approach these areas. We may be setting up for a very fast rise to the targets and once price terminates we will see an even faster decline. Price has fibbed and held the % retracement and that signifies that we have fibbed and price will head up for another leg. Looking at the 127% of the two fib studies we get two possible targets bearing in mind we still have some resistance to get past. 1st target 26404 2nd target 29986 This is just my opinion. Anything could happen so trail your stops.
gillianpatric weekly is bullish true : but monthly is down: weekly upside will end around 10k-11k then price have to break 5800 to complete wave A in monthly:
gillianpatrice
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@Amjadsid, It's only my opinion - why don't you post your chart to show us what you think and get some skin in the game?
Amjadsid
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@gillianpatrice, i m only interested in making money and guiding ppl in my free time: dont want to get famous:) check price tgts in my first comment :it will take 5-6 months...later chart will be important.. no hurries
astrologychick
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Thank you for pointing out the potential for a double top. Also, what if Tether implodes? I think that Tether has a huge influence on BTC price targets, and the whole crypto ecosystem became much more complex last summer, so none of these coins operate in a vacuum and even BTC can't control the market in a natural way.
gillianpatrice
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@astrologychick, Hi AC good to hear from you. I agree. But I also believe the BTC is the gold of the coins that's why I focus on it. The rest are all fools gold with the exception of Ethereum & Neo.
astrologychick
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@gillianpatrice, Well, I see your point about BTC being a digital store of value. but a lot of these new tokenized companies will succeed in huge ways. Most of them will fail, but some of them will be massive successes and the Amazons and Googles of the future.
gillianpatrice
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@astrologychick, Totally agree. It's about backing the right horse.
astrologychick
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@gillianpatrice, Truly. I have my opinions :-)
We'll see which I am right about and which I'm not. But I think that BCH is a must have along with BTC.
YautjaHunter
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Thank you very much for your view! Nice targets there, hope we will see them reached!