According to history, we must test the top of the cloud before making any higher highs, and guess where at is ?6500$ , does that match your Fib 0.705?
The cloud also tells another story , it says , bear/sideways market till 11/11/2019 , this is based on the fact that until we pass the ichimoku resistance, there should no movement to the upside, check 2016 you will get a better clue.
Again out of all these analysis, I still stand by the 20SMA on the weekly , and I still take this as a bear market until it's broken to the upside.
@mikeywith, you should continue to give us your TA prediction, it's a good thing to see some perspectives regarding market charts .
Since bitcoin has a bullish movement two days ago, what do you think about the next movement? will it still drop to $6500 or so? or bitcoin will reach over $10K by next month 11/11/2019?
I actually thought the last analysis wasn't too silly, and I was also expecting 6500 really, even if it wasn't going to affect how I'd be doing my bitcoin buys (I'm a faithful dollar-cost averager trucking along happily).
But I suppose history isn't proven wrong even with the past 2 days of happenings? As in, major bottom signalled before short squeeze?
TA should still be unchanged too, especially now we see pullbacks so quick after 10k.