Bitcoin - If it follows this pattern, then $15.000 - $17.000 could be next...

in #bitcoin7 years ago

Next important price area is the $13-$15k price level, upper range of the silver pattern.

If that breaks to the upside, then it becomes more likely that the Gold pattern shows the road to take: next stop $15-$17k area.

For the next couple of days/weeks, I expect a sideways movement, and I'm looking for opportunities to trade the 10k - 15k trading zone. If the patterns (Gold or Silver) keep aligning, then I will go overweight cryptos during the summer 2018 or if BTC reaches $5.000-$8.000 area, whatever comes first. A break above $17.000 is a warning the bearish patterns of Gold and Silver lose validity. A break to new all time highs and these patterns have done their work, but game over.

Gold Silver BTC JAN 20 v2.PNG

BTC JAN 20.PNG

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