Bitcoin (BTC) Evening Update: Wave 3 of 3 FIREWORKS!!!
SUMMARY
And Bitcoin (BTC) has DECISIVELY breached the upper trend line!! This is EXACTLY what was needed to generate the onset of the next set of impulse waves UP! The $11,011 was easily met and surpassed. The $11,133 should also represent an easy target. The wave 3 of 3 FIREWORKS is just getting started.
Here is the revised Bullish Inverted Head & Shoulders pattern. Once price exceeds $11,559; the Right Shoulder can be considered complete. Once price stays above that price and starts climbing higher, the pattern would be considered confirmed! The next targets after that would be $12,306 for wave 3 and $13,157 for wave 5. Today was a VERY IMPRESSIVE price rally day!
IF the minimum price move for this Bullish Inverted Head & Shoulders (BIHS) is reached, that would be at $17,655!! After that would be All Time New Highs.
And so, a new Bull Trend starts with a breakout!!
On the Big Picture perspecitve, wave 2 at a Cycle Degree of Trend has ended. A new round of seismic, orgasmic bull lunges upwards is not too far away.
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17,655 would be fireworks indeed
A rising bitcoin will be good for all the altcoins.
72K :O)
Looks like the bottom is in and we may be heading for new highs.
@Haejin is overrated.
Check Phil out and decide yourself.
https://steemit.com/@philakonecrypto
Phil recommends following @haejin as well. Phil is a day trader @haejin is not. Both are good at what they do.
Bit Coin will surely hit 100 K in 3 years Mark my words :)
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Nice post
https://steemit.com/busy/@hwa2ting/5pywm6
Thanks for sharing your analysis , BTW would u suggest to convert usdt to BTC at current level ?
12k.....14k.....17k....?