It almost touch my wave 5 extended count. Question now is where will be the next target for BTC?!!!
Well, just like every impulse, there should be a correction.
Case 1: If the BTC will continue the up trend for this impulse, 8.8K range will be the next target and a correction at 8K (For the following Days/Weeks).
Case 2: If the highest reach is the current 8.5K, we may go down 7.8-7.9K range/zone.
Again, this is the VERY Bullish count with 0.236 Fib Correction for both scenario. Still Bullish count is the 0.382 Fib @ 7.4-7.6K zone. Though the 0.5, 0.618 and 0.786 Fib are still on the table, given that these previous months BTC is always giving us the 0.786 Fib. So far the majority sentiments are bullish.
Finally, always keep in mind that correction is needed and is showing a sign of a healthy market. So take this opportunity to buy during the dips if you truly believer of the technology and not just of the income.
Worse Scenario will be the 6.8K given the Big Gap:
Credits to Crypto Cred
In Reference to my previous count: @ https://steemit.com/btc/@henrymac/quick-btc-thooughts-july-18-2018
Disclaimer
Heads up: This doesn't mean na perfect lahat ng mga plays nmen but what we do is lower the risk. It means kung dati HULAanalysis lang ang gamet nateng indicators, this time around we maximized all the position we took. But again it will not give 100% profit but instead, we will gain more on knowledge to be smarter trader next time around that will give us profit in a higher percentage.
#HealthyMinds #NotAProTrader #NotYourFinancialAdviser
Feel free to upvote and follow us Filipino bros and sisters. Let's join forces, challenge each TA and build a healthy and stronger community.
