Yesterday we told you that 12K is a matter of hours.
In fact, the BTC price gained 60% within the last 3 weeks.
From the current price, we have the same way up.
To reach 20K we just need additionally 60%.
It can happen in the forthcoming 3 weeks.
This would be really crazy but this is the crypto world.
Logic doesn’t work very well in this case.
Let’s take a look at the technical indicators:
• Weis Volume – the positive demand waves are getting weaker. This might be heralding a correction or at least price stability which would be good for the price of alts. Remember BTC price stability = alt season
• WBM BUY/SELL – the price is much saturated but this is not the highest level ever. We can go even higher than this.
• RSI – we broke the previous peak and we are going higher. Its max was over 90 points so we still have 10 points to go.
Very good call guys and really like the angle analysis you gave. Not a lot (if anyone) doing it well on TV so +1 for that!
We're long and up 61.41% and agree with you guys that it looks like 20K might be in play and this could even go higher. Very exciting times we're in :)
WBM_Team
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@TradeIndicators, thank you mate. Your analysis also looks interesting. Good luck with everything.
Jocoin
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I dont hope this with you buddy because if 10k broken btc ll be in big trouble here is why:
We got dump just in time as predicted to support area mentioned
After my last update about btc hit 13400 i told you guys to not get excited especially after we got 1 hr bearish div supported by 1 day and 2 days bearish div
See previous idea for more detailed view:
So in few hrs btc hit max fomo at 13900 and dumped hard to 10400 area as i said in some previous ideas that I am expecting rally pause and retrace for a bout a week range to calm down to area between 11200/11400 to 10400/10600 and it should not get broken with daily close for trend continuation and we hit it EXACTLY faster than anyone expected
So let me share my current view which is i see 10400/10600 is very strong and we should reverse from here as its my main condition to resume rally towards previous ATH forming strong wave 3 since from 7800 area
We got a MASSIVE hidden bullish div on 1 hr chart supporting my view and btc should consolidate for a bout a week in this range forming higher lows till it breakout
Warning if 10k broken expect blood and the end of this bull run
Hope this helps
Original updated idea:
Jocoin
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Nailed it again! 10800/11200 strong support for due correction
Since i decided to publish my ideas 2 weeks ago to help others because i thought its the time for btc and i am really impressed for how accurate they are one after another.
And now like i said many times before that we are in strong wave 3 since from 7800 this wave should take a break between 12/12500
Now btc hit 12900
I also published another idea for classic bearish div on daily which is going to confirm the break and retrace for a bout a week range
But i still calling for the strong support according to my previous idea between 10600/10800 and 11000/11200 area is going to be the area from where btc should not break it after we hit 12/12500 and this is very important to resume climbing towards previous ATH at least for now and if it didn't happen expect the blood
Just in case we got the reverse I expect the behavior for next wave to be similar to the last one from 7800 or even sharper.
We're long and up 61.41% and agree with you guys that it looks like 20K might be in play and this could even go higher. Very exciting times we're in :)