Every good treasure hunt begins with a map where "X" usually marks the spot. Well, here it is folks! The convergence of all of these trend lines to the same spot can not be overlooked as mere coincidence! Good traders follow the market and the market is practically screaming at us that BTC will be at $6000 on 2/9/2018. What happens then? I'm 98% sure that once we land on the "X" the correction will be over. Of course that means there is a 2% chance that the bull market will transition to a bear market... only time will tell which it will be! My guess? It's going to launch off the $6000 mark like the Saturn V! It will briefly pause at resistance points before ultimately heading to the moon.
Comment:
So, I was off by three days. Can't win them all.
Trade closed: target reached:
This seemed to work out. It will probably retest the yellow trend line before gaining some real altitude.