Sandeshgangadhar
Long

End of Consolidation. Next cycle underway.

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
It was a crazy run downhill for Bitcoin this year. Most people(New investors) thought this could be the bubble and BTC will stumble and bleed.

Things like these are said and proven false for over and over again. Especially, by the important financial figures out there.

Looks like this is the end of the cycle from accumulation to crazy momentum uphill.


Recently, BTC has failed to breach $9800 fib.

But, A sweet triangle has formed and it is also the end of D wave (ABCDE wave).
The Bull run is imminent at this point in time and the next cycle is about the get underway and the time is ripe for the new investors to step in.
With the amount of attention crypto has received lately next cycle will be massive.

However, There are 2 possibilities going forward.
1) It can drop to $7800 mark again and the steady rise follows it.
2) As it has already shaped up with 2 green candles straight could see a day or two of red and rise after that.

For both the cases.

We could see the top of around $12250 - $14260 in a matter of 10-15 days.

Happy trading,
Thanks for your time.
Drop a like if you liked my analysis.

I accept donations:

BTC - 34kiRPBp6pa71NUmr8NUfKuTqZk6fZPjHm
ETH - 0xbacc83435b5576683fa151b6b794287fdf98a80e
LTC - LWoRHbfL4CGgmeBQ1cMjsWFwthECKbtWWW
OMG - 0xbacc83435b5576683fa151b6b794287fdf98a80e


This analysis is solely based on my knowledge and understanding of the market and social network patterns and must not be considered as an investment advice.


Comment: Looks like the pattern is in play. Possible upside any hour now.
Comment: Fingers crossed. Possible Green candles for few more days.
If { green candles } then > momentum snowballs.
Comment: Looks positive and not too wild. Healthy rise.

Comments

Good work man.. So far so good..!
Reply
GOOD JOB BRO ..... KEEP IT UP......
Reply
@singhvikas, Thank you.
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