BTCUSD 8h: Total crazy, but possible: 4700 > 3500 > 7500 USD

The biggest mistake is a lack of imagination. I wrote this already in an older post. But my forecast had met quite accurately. Today the BTC is more than 4,000 USD. Where is it going? Yes, the BTC can fall down. A total crash could come. But! He can also go further up. And in this moment the technical chart analysis comes into the game. If we look at all movements, a development to 7.500 USD is quite possible. Is from today's view crazy, but could be. I will follow this chart further and give infos, if I am here totally wrong.

Let's see. Happy trading. :-)

Look also at:

코멘트:

the 4 days view. just for info ...

코멘트:

next fibo area is still possible (4.700 USD and more).

코멘트:

trendline works ... here the current view:

코멘트:

straight along down the trendline

코멘트:

cryptos are fast. faster then the lines. ;-) support between 3500/3000. lets see.

코멘트:

just for info. close up of the current situation.

코멘트:

double top. be careful ...

코멘트:

daily update ...

코멘트:

Here you can see the current modified situation chart: 4700/5000 > 4000 > 7000 USD. Let's see what happens. Happy trading. :-)

코멘트:

at the moment we see a very strong market. it could be that the fourth wave is running flatter with a correction around the 4400. i'm currently expecting more a sideways movement with another up and a faster run. I'll keep you informed.

코멘트:

I've waited a relatively long time to write this message. the situation at btc was too unclear technically. right now there is a second possible trend line which could go up faster. it's not confirmed yet. so I am still waiting for the next move.

코멘트:

update to the last post ... the new second trend line was not confirmed. old trend line continues to be valid.

코멘트:

we saw two strong support points. the second trend line may continued to exist. that will be decided in the next days.

코멘트:

current update of the chart: nothing new. btc still on track. trendlines work. consolidation 4000, max 3500, than up.

코멘트:

stopp at 3800 possible. let's see if we have enough support.

코멘트:

On-the-spot landing. support at fibo 0.786. see post above. up possible.

코멘트:

I hope you all got in in time or didn't get out. Now we're moving up. imo we saw the lowest low. all cryptos will follow.

코멘트:

new chart published. this chart will no longer be continued and replaced by the new one. new chart here: