BTC/USD - 12k? or Correction Prior? 6/3/18

in #bitcoin • 8 years ago (edited)

Yesterday i drew up a pathway which led us to 12k.

However, now i am unsure if we will make it there prior to a drop.

We got a bounce however on my last predicted line of $11,206!

Although this was accurate i am unsure on the pathway up from here.

Screen Shot 2018-03-06 at 5.38.54 pm.png

There is a possibility my initial count is in play and we could see 12k! before we have a little drop.

Screen Shot 2018-03-06 at 5.49.48 pm.png

BUT, our RSI hasn't reached our oversold region strongly.. and i feel in order to get up to our 12k zone we need to hit oversold and then explode upwards!

We broke our previous RSI support but i reckon we need to get real oversold prior to our boom.

Screen Shot 2018-03-06 at 5.46.05 pm.png

If this scenario is to play out we may see numbers in the $10,800 - $10,400 region.

Screen Shot 2018-03-06 at 5.45.01 pm.png

Keep aware by both this scenario and also what i said yesterday!

https://steemit.com/bitcoin/@sourlemonball/btc-usd-nightime-update-price-tracking-well-5-2-18

Again very busy, so will struggle to post any content. So lets see how price moves and hopefully we all stay aware !

Legal Disclaimer: I have no idea what I'm doing and I'm not telling you to follow me or make investments based on this information, this is just my thoughts and ideas and what ill be following. Happy Trading!!

#trendanalysis #geeme #technicalanalysis #cryptocurrency
8 years ago in #bitcoin by
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