One Batch, Two Batch...Penny & Dime - BITCOIN! (BTC)
Updated
Hello friends, traders, hodlers, everyone..
I drew this chart a little over 12 hours ago, originally like this:
Originally, I did not post it. The truth is, my personal life as of late, has been very difficult. I have been led to question myself on a lot of occasions. Whether or not, I am making the right choices, doing the right things.
Friends, I find the most common mistake we make both in life and in TA is not being sure of oneself. So, I have decided over the course of today to approach life with more confidence. In the spirit of this, I give to you my path to $10,000 BTC.
After completing back to back 62% retracements, Bitcoin looks sure as ever to push towards a test of 10k. Also, we have just entered a critical fibonacci timezone - the 0.618 zone.
So, our major impulse leg 1 ($5000 - $8250) retraced to $6200 (also 62%) giving us a 161% ext target of exactly $10,000.
After this, we have seen another smaller impulse leg 2 ($6950 - $8300) which then completed a 62% retracement to $7475. This wave alone, also points to a 161% ext of $9100.
Of course, it is still very possible for us to see a heavier retrace towards $6400 like I wanted in some of our previous analyses here....this could all be a double top, but I think something more is afoot....
Only time will tell.
Tread carefully friends, and Good Luck.
Previous Analyses:
I drew this chart a little over 12 hours ago, originally like this:
Originally, I did not post it. The truth is, my personal life as of late, has been very difficult. I have been led to question myself on a lot of occasions. Whether or not, I am making the right choices, doing the right things.
Friends, I find the most common mistake we make both in life and in TA is not being sure of oneself. So, I have decided over the course of today to approach life with more confidence. In the spirit of this, I give to you my path to $10,000 BTC.
After completing back to back 62% retracements, Bitcoin looks sure as ever to push towards a test of 10k. Also, we have just entered a critical fibonacci timezone - the 0.618 zone.
So, our major impulse leg 1 ($5000 - $8250) retraced to $6200 (also 62%) giving us a 161% ext target of exactly $10,000.
After this, we have seen another smaller impulse leg 2 ($6950 - $8300) which then completed a 62% retracement to $7475. This wave alone, also points to a 161% ext of $9100.
Of course, it is still very possible for us to see a heavier retrace towards $6400 like I wanted in some of our previous analyses here....this could all be a double top, but I think something more is afoot....
Only time will tell.
Tread carefully friends, and Good Luck.
Previous Analyses:
Note
Just a nice close up view of the daily here as we hit that 0.618 Fib Time Zone. These are quite difficult to chart properly.Note
I can't act like, making these calls is difficult in the NEW BULL MARKET, just remember where you heard it first 2 months ago ;)Note
Should see our first target here shortlyNote
A little bit of extra insight here with fib tools. 
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.