StatFall

BTC Equilibrium Pattern to watch for 2018

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BITFINEX:BTCUSD   Bitcoin
BTC seems to have established a Higher low on the Weekly chart. Seeing that I would now say that we will run in an Equilibrium Pattern into late May/early June. My opinion is the we will see a high around $9,000-$9,200 and then get a pull back to as low as $7,500 but staying in our pattern (creating a Higher low). I then see a run breaking out passed the $9,200 level and going to $10,000+ and breaking out of the pattern. If we go a little further into the future and end up seeing BTC breakout over the $11,800 level, we could see a huge 2nd half of 2018. If this pattern on the Weekly chart breaks down and we lose our higher lows we could easily test the $6,500-$6,000 level again. In My Opinion We will be very bullish for the 2nd half of the year, happy trading!

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