BTCUSD 8h: Total crazy, but possible: 4700 > 3500 > 7500 USD

The biggest mistake is a lack of imagination. I wrote this already in an older post. But my forecast had met quite accurately. Today the BTC is more than 4,000 USD. Where is it going? Yes, the BTC can fall down. A total crash could come. But! He can also go further up. And in this moment the technical chart analysis comes into the game. If we look at all movements, a development to 7.500 USD is quite possible. Is from today's view crazy, but could be. I will follow this chart further and give infos, if I am here totally wrong.

Let's see. Happy trading. :-)

Look also at:

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the 4 days view. just for info ...

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next fibo area is still possible (4.700 USD and more).

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trendline works ... here the current view:

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straight along down the trendline

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cryptos are fast. faster then the lines. ;-) support between 3500/3000. lets see.

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just for info. close up of the current situation.

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double top. be careful ...

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daily update ...

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Here you can see the current modified situation chart: 4700/5000 > 4000 > 7000 USD. Let's see what happens. Happy trading. :-)

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at the moment we see a very strong market. it could be that the fourth wave is running flatter with a correction around the 4400. i'm currently expecting more a sideways movement with another up and a faster run. I'll keep you informed.

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I've waited a relatively long time to write this message. the situation at btc was too unclear technically. right now there is a second possible trend line which could go up faster. it's not confirmed yet. so I am still waiting for the next move.

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update to the last post ... the new second trend line was not confirmed. old trend line continues to be valid.

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we saw two strong support points. the second trend line may continued to exist. that will be decided in the next days.

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current update of the chart: nothing new. btc still on track. trendlines work. consolidation 4000, max 3500, than up.

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stopp at 3800 possible. let's see if we have enough support.

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On-the-spot landing. support at fibo 0.786. see post above. up possible.

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I hope you all got in in time or didn't get out. Now we're moving up. imo we saw the lowest low. all cryptos will follow.

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new chart published. this chart will no longer be continued and replaced by the new one. new chart here: