Bitcoin Price Analysis: Im Expecting A Major Move Within 5 Weeks (Video)

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Bitcoin Price Analysis: Im Expecting A Major Move Within 5 Weeks (Video)
https://www.youtube.com/watch?v=dw5T3FxaDEI

Hey guys, Im back from vacation and a lot of work behind the scenes regarding my trading systems. But, lets focus on Bitcoin and what I believe will happen in near and intermediate time frame.

Here is the daily chart for Bitcoin:

![2018-08-18_20h29_24.png](https://cdn.steemitimages.com/DQmdMKheCNojMdkaEukRkRpwbZ2EexoHhe54H7CMRS5rQAq/2018-08-18_20h29_24.png)

Comment: This is a 9 minute video and Im going through a lot of details so watch the video if you want it all. But for the short term we will likely get the next move around Wednesday next week according to the time fibonacci levels. It does look like we are building another bear flag so be prepared for another potential move to the downside.

Now, lets have a look at the weekly chart:

![2018-08-18_20h52_06.png](https://cdn.steemitimages.com/DQmWWpyKNLmJAKCqAYvQ1mgHpFt35YopeutFwrC8JmeSy9h/2018-08-18_20h52_06.png)

Comment: When we look at the weekly chart, Im expecting a major move at the end of September so that is 5 weeks from now. Before that we could go sideways or perhaps head down to test support around 4000 but the miners break even point is at 5800 so it will be difficult to penetrate that level in my opinion.

If we were to head north, we need a weekly close above 8500, that would obviously be a bullish move if we were to take out the last peak.

There you have it, watch the video if you want more details.

Happy investing!
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