In our last two vids we discussed the break of the Monthly 21 EMA and (just confirmed) the break of the WEEKLY 55. This is extremely bullish – and we're expecting continuation to the upside moving forward.
Ichimoku looking great as well, and showing a possible target to $7400-ish, after that we'll have a target of 8.4k and then await retests of the levels underneath.
UPDATED MAY 18TH:
Second update guys, we have now reached a decision point on the 3DAY chart. As long as we close the 3day candle (tomorrow) above the 7.1k -ish level, we should go ahead and revisit the 8.4k
However, closing below this level may have us ranging/retesting the low 6k region. I explain my thoughts in this video:
https://www.youtube.com/watch?v=wX-T1qnYUgk&feature=youtu.be
1. 6150 --> Broken (awaiting retest). Got retest (bitstamp only)
2. 6350 --> Broken (awaiting retest) (Got retest!)
3. 7.4k ---> Broken and retested.
4. 8.4k ---> Target hit
UPDATED MAY 11TH:
What'sup guys!
Quick update to this projection! We've broke the resistances we spoke about in our last videos:
Here is an updated video with our 7.4k projection!
https://www.youtube.com/watch?v=ZwzikZ3Ri2k
Older vid:
https://www.youtube.com/watch?v=xRkgfctxqqA&feature=youtu.be
Great analysis and yes this the time for bitcoin opportunity to decide quick before too late to invest, the bullish is very near, the price increasingly huge at this month.