Bitcoin BTC April 13 Technical Analysis - A Breakout above $8,087 will target $8,250-$8,500 Range
General Tone:
We see BTC reach an impressive $9.1 billion 24 HR volume that hasn't been seen since Feb 21st. The volume must be respected, which signals massive interest from the public. There are two cases that I see.
Case 1) We break above $8,087 to target $8,250-$8,500
Case 2) We correct to a support level for subwave 4 correction before heading to $8,500
Long Term Bias (6+ months) - Bullish
Medium Term Bias (Next Week) - Bullish
Short Term Bias (Today) - Neutral
Long Term Target Prediction - Primary Wave 3, $35,000+ by 2019
We see BTC's 24 hour volume at $9.1 billion. The last time we've reached this was Feb 7/8 range, during the last downtrend to the $6K range. This shows general interest from the public and there could be a strong will to support the $6K ranges. The question is this the beginning of the next bull cycle?
If this is near the end of the bear market, then this is the bull scenario elliot wave count:
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BTC: 357j3P2CuybfWh13V4uig9TJDJdqiR8CMx
NEO: AYBJHjrQFQij7kCmwun97PVEiRkRgFamMn
EOS: 0xc7a004b214db83bb05eee99f3d0e06ad02b858fc
Ethereum: 0xc7a004b214db83bb05eee99f3d0e06ad02b858fc
LTC: LL7misJsxX8kDzjnbvxupetVykCP58B1ZD
Bitcoin Cash: 199rQASMB5zVe9nEWwG34n1jEL24bYxCFz
XRP Address: rLW9gnQo7BQhU6igk5keqYnH3TVrCxGRzm / Wallet: 120086840
Good to see you raking it in and helping us. Cheers.
Much appreciated, as always!
Nicely! thanks
Beast Mode as always. You kill it. Love ya.
Thank you sooo much! So glad to have you back.
Appreciate all your hard work and constant updates! you are one of the best at communicating information clearly, digestible, honestly, and with a dash of humor ... Muah Ha Ha!!! (<< in your signature laugh style)
Great post. What do you think about analysis using LOG scale? I address it some here, specifically regarding bitcoin:
https://steemit.com/cryptocurrency/@workin2005/bitcoin-confirms-bullish-breakout-small-correction-before-next-wave-up
Up <3
Please don't stop your very personal approach. Sure people moan, but there will always be haters. If we want dry TA, we'll go elsewhere. We're here because you keep it real.
You mean Trillion right?? lol