20170627 - BTCUSD - Price Analysis.

in #btcusd7 years ago

Current BTCUSD = 2472
Dated - June 27th, 2017

Long-Term (multi-year basis) = BULL
Mid-Term (multi-week basis) = Up then Down
Short-Term (multi-day basis) = Down then Up

Narrative:

BTCUSD found support at above 2244 this week. This completes the June 2017's corrective w4 of the ongoing impulse wave from January 12th, 2017. We are now in a new leg higher that should clear the recent highs around 3000, and go past that towards 3997.97 which is the 2017 target in my system for BTCUSD for this year. It may even exceed that on an intraweek basis.

This target could be achieved in a short order from here in a matter of few weeks into July 2017.

June 2017 - Ascending Targets:

If these targets are exceeded the next one comes into focus.
2480.54
2493.75
2688.88
2697.50
2716.98
2745.00
2802.37
2909.25
3129.00 (above this sharp move higher towards 3979.97)

June 2017 - Descending Targets (STOPS):

If these targets are exceeded the next one comes into focus.
2334.00
2244.14
2154.28 (below this a sharp move lower to 1682.40)

I will make these posts if there is enough interest on Steemit. Thanks!

Disclaimer

The information in this post is provided for statistical and informational purposes only. Nothing herein should be interpreted or regarded as personalized investment advice or to state or imply that past results are an indication of future performance. Under no circumstances does this information represent an advice or recommendation to buy, sell or hold any asset, commodity, cryptocurrency or security.

The author of this post is not a licensed financial adviser and will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on the content of this post, including the information that others post here in their replies to this post.

While every effort will be made to provide complete, the most accurate and current information, none of the information on this site is guaranteed to be correct, and anything written here should be subject to independent verification.

I may or may not hold positions for myself, my family and/or clients in the securities mentioned here. Actions may have been taken before or after information is presented, and any opinions expressed in this post are subject to change without notice.

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