IN THE NAME OF ALLAH THE MOST GRACIOUS THE MOST MERCIFUL
BITCOIN SHATTERS $20000 BARRIER FOR FIRST TIME ON WEDNESDAY MORING,ITS HIGHEST EVER AMID INCREASED INSTITUTIONAL AND CORPORATE INTEREST
AS I STATED EALIER ON 18/11/2020 ABOUT BITCOIN : THE BIG PICTURE"
https://stockcharts-home.blogspot.com/2020/11/bitcoin.html
TODAY WE POINT OUT SOME KEY LEVELS THAT SHOULD BE CROSSED TO CONFIRM THE VALIDITY OF THE PREDICATION AND ANALYSIS, SUCH AS $13765,TRADING ABOVE THIS LEVEL CONFIRMED THE 3 WAVES PULLBACK AND THE INTERMEDIATE WAVE (3) IS IN THE EARLY STAGES AND MAKE THE NEXT UPSIDE TARGET AT 25000 IS NEAR, THEN HAS A POTENTIAL TO HIT 31000 , ALSO TRADING ABOVE 19900 IS A STRONG EVIDANCE FAVOR THAT THE UPTREND IS INTACT
THE SECOND CHART, CRAB SELL PATTERN CONFIRMS THE MOST LIKELY UPSIDE TARGET AT 30000 (COMPLETION POINT OF THE PATTERN AT 30000), SHORT- MEDIUM TERM TARGET
ALSO, DUE TO THE EXTREMITY OF THIS STRUCTURE, IT IS COMMON TO OBSERV EXTREME PRICE ACTION AS THE PATTERN COMPLETES, SO WE INCLUDE THE 190.2% XA MEASURE AS AN ADDTIONAL TOLERANCE LIMIT BEYOND THE 161.8% XA AS A -RESULT, BITCOIN COULD REACH 34000-35000 RANGE
ASIDE NOTE:- OUR PREDICATION,THAT BITCOIN COULD HIT THIS TARGET THROUGH SHORT-MEDIUM TERM, IS BASED ON TWO THINGS,FIRST THAT, BITCOIN IS WORKING ON THE THIRD WAVE (VERTIICAL RUN , POSITIVE MOMENTUM, STRONGEST WAVE IN THE ACTIONARY WAVES.
SECOND, WE HAVE SEEN BEFORE, THE SAME BEHAVIOR IN THE SAME ASSET
HAVE WE FORGOTTEN THE IMORTANT RULE IN TECHNICAL ANALYSIS "HISTORY REAPTS ITSELF"....... PLZ, BACK TO LATE OF 2017 (3000 UP TO 20000) IN ROUGHLY 3 MONTHS
