Potential Reversal Zone is between $17,000 and $13,900 for the Bears.
We just tagged a shorter term fibonacci retracement at 38.2% level ($9,770) and then, the price started making higher highs, signalling us the Bullish Market State.
If we can put this weekly W formation by closing above $11,341 for this week - we can potentially put the ABCD bullish pattern, taking us to first around $19,696 which is also the All Time High and, then, $22,195.28 which is also 1.13% fib. extension level
What a boldly estimation 22,192 for Bitcoin sir.
Although I believe this may be sound like crazy and boldly however I think it could be happen one is from your charting; another supporting point is the news such as Facebook Libra launch; the trade wars atmosphere alleviate etc... that could drive bitcoin up to another historical high. What do you think sir?
MegalodonTrading
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@ICEKI, Totally possible. We are talking about a highly manipulated asset. :) Bitcoin is moving along side with Gold. It might get really crazy towards the end of this year. Yes, again... :)
ICEKI
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@MegalodonTrading, sound cool, let's have a sit and watch how bitcoin fly up high as like as a rockets =D
itslukino
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I cannot see the indicator yet...I received the confirmation email but impossible to see that in my indicator list... :(
please help
MegalodonTrading
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@prodefender1980, Yeah for sure, feel free to send me a pm or check out the signature part.
Although I believe this may be sound like crazy and boldly however I think it could be happen one is from your charting; another supporting point is the news such as Facebook Libra launch; the trade wars atmosphere alleviate etc... that could drive bitcoin up to another historical high. What do you think sir?