Bitcoin BTC will be very soon on cloud no. 7 Target $20k
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Bitcoin has to pass 7 clouds to reach 20k
On weekly Chart from 18 dec 17 onwards Total Red Candles 21 Total Green Candles 21
Busiest Zone - GROUND 0 (5767-6800) BTC have to break 6800, to reach stage 1.
STAGE 1 (Roller coasters ZONE): 6800- 8514 Its trend zone both in green and red.
STAGE 2 (QUICKEST ZONE): 8514 - 9566 Price movements are very fast in this zone.
STAGE 3 (BALANCED ZONE): 9566 - 11850 BULLS VS BEARS
STAGE 4 (RED ALERT ZONE- HEAVY SELLING): 11850 - 13473 Becareful in this zone - from bears
STAGE 5 (POWER ZONE): 13473-16238
STAGE 6 (LAUNCHPAD ZONE): 16238 - 18912
STAGE 7 (DELIVERY): CONGRATS WE'RE AT 20,000
Conclusion- Based on this weekly chart, Ground Zero is almost going to over in a matter of days, infact Bulls already hit stage 1 and may enter stage 1 any time. Stage 1 and 2 are very crucial in coming days.
Stage 2 is at Fibonacci 78.6 and very short zone, if passed we will see 11k which is at Fibonacci 61.8.
So HODL your BTC, soon we will be seeing stage 2 and 3.
If you liked this analysis hit the like button. Will come with 2nd part of this analysis soon in different time frame.