BitcoinUpdated BTC correction levels and 2018 targets
It is hard to say what's really happening now - too much probabilities and scenarios...
I see that we are possible on bullish market with first wave, started from 6000, corrected to 6450(wave II) and now we are on wave 5 of sub-wave 1 of wave III of global movement - it is not confirmed yet, but if it is i see BTC price for Q4 2018 is about 37-42k$.
So, we may go to 8620-8670 and then return to correction with target 7800$ - it will best correction target which confirms waves marking from 12 April, or we may go higher up to 9100 and then return to correction: do not believe now because of 4h/1D RSI .
Mayor level to buy is 7800, Plan B - add position at 7500... Stop is less tha 7500.
Let's see the price action.
I see that we are possible on bullish market with first wave, started from 6000, corrected to 6450(wave II) and now we are on wave 5 of sub-wave 1 of wave III of global movement - it is not confirmed yet, but if it is i see BTC price for Q4 2018 is about 37-42k$.
So, we may go to 8620-8670 and then return to correction with target 7800$ - it will best correction target which confirms waves marking from 12 April, or we may go higher up to 9100 and then return to correction: do not believe now because of 4h/1D RSI .
Mayor level to buy is 7800, Plan B - add position at 7500... Stop is less tha 7500.
Let's see the price action.
Trade active
9100 become more realistic, even 9500Note
Looks like We are in B-wave correction, and target is near 9530
Note
Probably that way/wavesNote
Possible triangle
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.