#Bitcoin $10,956 plus by end Wed May 16 Y/N?

#Bitcoin $10,956 plus by end Wed May 16 Y/N?

Bitcoin / Dollar BITFINEX:BTCUSD


Previously market was looking at a drop from $9,990 of between $2,752.4 and $3,937. Looks like the 8 to 12 day bear market ended on the 8th day and that the drop won’t be as great as the rise back up through the last daily fractal high by the 12th day. So I’m now thinking the reverse from $8,204.4 that would be $10,956 plus by end Wednesday ($8,204.4 + $2,752.4 = $10,956). Given market $8,825 high already today it’s not impossible especially as were in Consensus 2018 week, and WOW what good news is coming out from there.

At the moment price appears to be caught in an upward channel. I expect price to break upward from that rather than down to new lows.

How I worked out these figures see my previous post “#Bitcoin next buy zone between $7,271.3 and $6,745.1”

Of course a lot can happen in the meantime to wreck my idea, but all looks clear for the time being.

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