The RSI indicator is still showing room to move up on the weekly chart. Volatility is low but will likely increase. Next upside target is 10500 0.786 Fibonacci. I don't see why BTC can't pass the weekly closing prices of July/Aug 2019. Though it may not get up to some of the inter week highs of closer to $14k. I am getting to the point where I don't think I'll be adding to position for much longer. I think buying at 10K levels on retrace seems more favorable to me. Even if Bitcoin hits 15K I think a retrace to $10k is likely. Looking at the technical side of things trying to manage risk and probabilities. I think my Eliot wave 4 and 5 timeline is wrong. Each wave was created by copying and mirroring wave 1 and 2 that can already be seen. I was interested in using a much data that is available as possible to create projection model. When I copied wave one it perfectly lined up with 1.68 fib line when copied not from the bottom but from end of March start of April area where most of the upward movement happens. I thought how that lines up was very interesting and stuck with it.
