Cautiously positioning #bitcoin for 11,000 - 30,000 by year end
I will be buying anywhere between 8028 and 8600 for a target of 11000.
I am a bit concerned about the volume decreasing while the price increasing. Is that a warning sign that price retracement is on the corner?
I would be looking at all the noted things in the chart.
The Ichimoku looks bullish.
I am extremely bullish; however, I am cautious. I believe if price can reach and hold above 10,000 USD, then we may never see 10,000 this year again. Therefore, any buy I make will be for a long time. And, if price retracement between 11,000-10,000 holds and does not go below 10,000, I will hold for 11,000 - 15,000 - 20,000 - 30,000.
The opportunity and the risk-reward is just a lot.
I would not be shorting here as I am not entirely sure how large and deep C WAVE will be. This is the corrective of the 1-5 Elliot Wave that finished at 9111. The B ended. And now waiting for C to end.
Enjoy.
I am a bit concerned about the volume decreasing while the price increasing. Is that a warning sign that price retracement is on the corner?
I would be looking at all the noted things in the chart.
The Ichimoku looks bullish.
I am extremely bullish; however, I am cautious. I believe if price can reach and hold above 10,000 USD, then we may never see 10,000 this year again. Therefore, any buy I make will be for a long time. And, if price retracement between 11,000-10,000 holds and does not go below 10,000, I will hold for 11,000 - 15,000 - 20,000 - 30,000.
The opportunity and the risk-reward is just a lot.
I would not be shorting here as I am not entirely sure how large and deep C WAVE will be. This is the corrective of the 1-5 Elliot Wave that finished at 9111. The B ended. And now waiting for C to end.
Enjoy.
Comment:
If the price falls below 7500, we are in for a bigger correction.