It was a good run up- now time for the bullish harmonic to begin its last leg. We have been completing what appears to be a long term Shark Harmonic. Yes- I have a habit of jumping to the longer term harmonics- this could play out to be a butterfly, but I think further upside will be made with the Shark if it is to meet the targets I have set. Butterfly's tend to fail and not have as much boost as a shark.. and shark formations tend to be in more volatile assets.
The peak to 12k which was marked in previous charts. Now the decent. This will play a big role in how far up we go which if a bullish bounce starts at 8140 we will surpass 12k easily... I think we may see some support fake outs at 9758 to continue further down and wash out weak hands.
For now BTC is going to take a rest and setup for the winter rush we usually see. What a ride to 12k though :)
Hope you all made profits. HODL'ers- continue to HODL.. you dont want to miss this next run up!
The peak to 12k which was marked in previous charts. Now the decent. This will play a big role in how far up we go which if a bullish bounce starts at 8140 we will surpass 12k easily... I think we may see some support fake outs at 9758 to continue further down and wash out weak hands.
For now BTC is going to take a rest and setup for the winter rush we usually see. What a ride to 12k though :)
Hope you all made profits. HODL'ers- continue to HODL.. you dont want to miss this next run up!
Moorsc0de aka Crypt0nomics aka Zaphkiel
