BTC $20K recovery - Ichimoku said so!
Take a look at the 2 blue circled points in the ichimoku here, and compare it to the current red circle following.
The last two times the clouds have opened up like this (Specifically the Senkou Span A/B) - look at the major rally that followed on the charts. Honestly when I was first drawing this forecast I couldn't see any major short-term indicators, so I went a lot further back.
The CCI has shown a nice ascending triangles pair & we're due for a small dip here, those of you who were late to the party & are still looking to buy in.
The Fibonacci retracement leaves us roughly 30% profit for our first target - but I think Bitcoin with all the attention it has currently will smash this, and we may be likely to see
25K (By Jan 5th to give a 'prediction')
I mentioned the other day that when Bitcoin rallies, it CAN hold up to 70-80% of total market trade volume (As it had on the previous two). Currently, it's 46% market volume as opposed to yesterdays ~40%. Yes, we've just seen Bitcoin pump - but we have not missed out as of yet.
The last two times the clouds have opened up like this (Specifically the Senkou Span A/B) - look at the major rally that followed on the charts. Honestly when I was first drawing this forecast I couldn't see any major short-term indicators, so I went a lot further back.
The CCI has shown a nice ascending triangles pair & we're due for a small dip here, those of you who were late to the party & are still looking to buy in.
The Fibonacci retracement leaves us roughly 30% profit for our first target - but I think Bitcoin with all the attention it has currently will smash this, and we may be likely to see
25K (By Jan 5th to give a 'prediction')I mentioned the other day that when Bitcoin rallies, it CAN hold up to 70-80% of total market trade volume (As it had on the previous two). Currently, it's 46% market volume as opposed to yesterdays ~40%. Yes, we've just seen Bitcoin pump - but we have not missed out as of yet.
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