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
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
Commento:
Comparison to December 2017 price action as below:
Commento:
One smaller time frame correction prior to target reached.