Bitcoin looks ready to take 7,302 Norm.

in #bitcoin6 years ago

As stated in last blog post. That double top would likely be rejected. It would also break a double bottom. Doing so makes 6905 a target. 2 competing targets because either 6905 or 8k will be reached before the other. One of these is wrong. I still continue with the bearish view and the 2018 lows to be challenged. The rest of the basket should follow Bitcoin. The attraction to 7302 may be too strong.

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it has reached 7,302 now. It does have a smaller mixed bullish signal for 8k.. but I maintain it was probably rejected for a newer month low at 6905.. Ok, here is the double talk. Before reaching 6905, it may bounce/headfake to 1758 again. That's just what pa does. Just like I was saying about 7302 the past few weeks.