BTC is currently at the top of a strong rising wedge. This top is a Fibbo 1.618% from the Fibo retracement of the 28,395$ to 25,887$ (I am following the log scale charts, so might have some difference on non log), also 30,000$ is a psychological level. We have a huge bearish divergence on 1H and 4H charts but as BTC showed us, no f*cks are given for the divergences. Bitcoin has shown in its history that psychological levels like 10,000$, 20,000$ where hard to break, so the current expectations are the same. Let's see how it would develop, I expect a little fake upside (might be like 500$), in order to hit some stops, however the patterns shows otherwise. In my opinion we should see some healthy retracement, so we can get higher. If we continue upside without any price correction, we might see a massive fall in the future.
*SEC is attacking Ripple, now privacy coins like Dash, Monero and ZCash might get hit by the similar attacks or hard regulations.
*SEC is attacking Ripple, now privacy coins like Dash, Monero and ZCash might get hit by the similar attacks or hard regulations.
Trade closed: target reached:
Fastest Target Reach.... Got in a little bit late but still
