New Short Term Target!

...

Been pretty accurate with the subwaves during the current Bitcoin price impulse. Got a tight schedule so won't go in depth in this analysis. Follow me on twitter for instant updates.

Short term target: $13,265

I've raised the short term target due to the new data coming in. The 1st impulse wave got a little more extended than expected so based on fibonacci levels, it looks like we're gonna land a little higher before heading for a new correction.

RSI and Histogram losing momentum

If we look at the RSI and histogram, we can see that we're losing momentum which will probably lead to a little dip. This is natural behavior and we need this in order to mobilise for new impulse waves.

Follow me on Twitter and turn on notifications to get instant updates at http://www.twitter.com/benkalashnikov

Disclaimer:
I'm not a financial advisor and these are only my opinions. I don't take any responsibility for any investments that you make based on my analysis.