The graph has the potential to throwback or going back from the Fractals graph.
Before we go on bullish divergence we expect that the redline on MacD below will hit the target and ready to bullrun!
Our target on BTC is Letter "E" $13900 to $14k.
Expecting a few hrs from today will hit the line from $9400 to $9500. Maybe 1hr - 4hrs.
From Letter B fractals to C it shows 77 days. But we will see if how many days from Letter D to E maybe just 45days from now or 1 month.
Check the Graph if we go above 10k the next resistance would be 12k before the Letter E target which is 13-14k.
Remember: TECHNICAL ANALYSIS is all about probabilities and based on previous market performance(not all about certainty)
Disclaimer: This is for educational purposes,it is not intended as a financial advice.
The analyst won't be responsible for a loss of fund. Trader should be able to manage risk.
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Bitcoin is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator that can be sent from user-to-user on the peer-to-peer bitcoin network without the need for intermediaries.