Bitcoin Weekly Chart Analysis (Update-2 AWESOME NEWS ! )

in #bitcoin6 years ago (edited)

As I told you before Bulls are getting stronger day by day.

Here is my previous prediction at below.

https://steemit.com/bitcoin/@vmefe/bitcoin-analyses-weekly-charts

To me it is still alive and keep working and there are also other good possibilities now. You can find the revised one at below.

3 soldier pattern on weekly chart 30.08.2018.jpg

I know everyone expecting that we will visit 6,500 support but we might not go there. As you can see from the chart there is a potential three White soldier. The three white soldiers candlestick pattern suggests a strong change in market sentiment. It is not clear yet but I believe there is high changes for the bulls take over the rally all. To be more clear please check the below chart also ;

fibonacci retracement 30.08.2018.jpg

As you can see from the chart we are near to 0,618 area from the last high. Usually fibo corrections are broken on second or third attempt around 0,618 area and bulls have already took over that point. So they might just need to visit fibo 0,618 to gain more powers.

From the point of my view, there is no need to be worry until we close the day below 6800. I think we all know what will happens next if that 3 white soldier patterns works. :)

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