BTC price action following December 2017

٥ يوليو ٢٠١٩

Keeping it simple and following price action, I'm going to focus on the 4hr chart from December 2017 in similarity to current price trends.

Once a 30% correction (bear trap) is initiated, and then regains the 25MA, BTC rides the wave up to a retest of recent highs.

Based on this idea, the following are potential price targets:

12k
12,9k
13.8k

٥ يوليو ٢٠١٩

ملاحظة

Comparison to December 2017 price action as below:

٩ يوليو ٢٠١٩

ملاحظة

One smaller time frame correction prior to target reached.