Hi guys.
So if you have read my previous idea, i mentioned that the correction wasn't over. Right now , we are seeing a consolidation of the
BTC price. It's been fluctuating just around the 10-12K price channel. I previously predicted that we all see an upshoot starting mid Feb. Before this has to happen, one common pattern you can see before a bullish run is what we call a BOLLINGER CONSTRICTION.
We have seen this somewhere around NOV.
Looking at the chart now, 2 things IMHO can happen.
1. As I mentioned before, the price will fluctuate within the RED and GREEN lines I have placed there in the chart but will start to go on a bull run at the point where the two lines meet. (Mid Feb)
2. OR, we may see a narrowing of the BTC price range (Bollinger constriction), this may last for a week or two, then a major upshoot in price will follow.
In any of the cases, I am personally expecting a major uptrend in mid Feb. So my point here is be ready to buy some more bitcoin! any Price below 12K isn't a bad deal. If it reaches below 11K, go for it! If you are that meticulous with position entry, I do believe there will be instances the price will go to the 10K range on certain days. But in any case, if we are expecting a break of the previous 20K all time high, either of these position entries will still be a win
Cheers to a 2018 Bull run for crypto!
Vince
So if you have read my previous idea, i mentioned that the correction wasn't over. Right now , we are seeing a consolidation of the
BTC price. It's been fluctuating just around the 10-12K price channel. I previously predicted that we all see an upshoot starting mid Feb. Before this has to happen, one common pattern you can see before a bullish run is what we call a BOLLINGER CONSTRICTION.
We have seen this somewhere around NOV.
Looking at the chart now, 2 things IMHO can happen.
1. As I mentioned before, the price will fluctuate within the RED and GREEN lines I have placed there in the chart but will start to go on a bull run at the point where the two lines meet. (Mid Feb)
2. OR, we may see a narrowing of the BTC price range (Bollinger constriction), this may last for a week or two, then a major upshoot in price will follow.
In any of the cases, I am personally expecting a major uptrend in mid Feb. So my point here is be ready to buy some more bitcoin! any Price below 12K isn't a bad deal. If it reaches below 11K, go for it! If you are that meticulous with position entry, I do believe there will be instances the price will go to the 10K range on certain days. But in any case, if we are expecting a break of the previous 20K all time high, either of these position entries will still be a win
Cheers to a 2018 Bull run for crypto!
Vince
أغلقت الصفقة: تم الوصول للهدف:
Just like my previous idea. Get ready to buy bitcoin guys! Kudos if u managed to buy at sub 10K prices.
Vince