At this point we can not see any evidence that a trend change will take place soon. We do expect a correction of some sort and will use Fibonacci retracement if needed, but if the correction don't happen then the price might rally to the upside and we will be good to ride that wave to. This is only our opinion of what we think the market can possible do , and our high probability is with an up move.
Information, charts or examples contained in this analysis are for illustration and educational purposes only. It should not be considered as advice or a recommendation to buy or sell any security or financial instrument. We do not and cannot offer investment advice.
Information, charts or examples contained in this analysis are for illustration and educational purposes only. It should not be considered as advice or a recommendation to buy or sell any security or financial instrument. We do not and cannot offer investment advice.
Comment:
We are not seeing the action yet as expected. Can the price go to $60k? well there is no indication that it cant. For now we will stick with a high probability for a move higher.
Comment:
Silver and Gold just seen some down movement, is that profit taking and are those investor coming over to BTC? We will wait and see. Just need to break a resistance.