oliverjrobson
Long

BTC bull run starting around 22nd. Target 25-29k

BITTREX:BTCUSDT   Bitcoin / Tether
The idea here is following the recent Wall St bonus news and new money flowing into BTC .

Bonuses are paid on Monday 15th, however paid in cheque which theoretically means a slight delay in the flow of money into the market.

I believe fomo/expectations of a bull run will push us up to the upper side of the pennant , before being rejected by the lower pitchfork quartile / 0.5 fib level before returning to the lower side of the pennant . FUD might cause a slight dip to the lower limit pitchfork line/zone, with support pushing price back up over the 0.236 Fib level and onto the trend-line support.

From here the new money should start to flow into the market, projecting price upward. I think we might see another Kumo twist in the cloud from bearish to bullish , smashing through both the 0.5, 0.618 & 0.786 fib levels / lower pitchfork quartile resistance and upward to the pitchfork median line / 1 Fib level. If successful in breaking this, we can expect to see the 1.618 level being tested with a target of $25,000 - $29,000.

$29k being dependent on breaking the upper quartile pitchfork resistance.

A % gain of approximately 125%, similar to the previous bull run of 127%.

It's worth noting that the time duration of the past two bull runs has been exactly 17d 20h, so I have used this as a basis for our current potential bull run.
Trade closed: stop reached
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