erny_th

erny_th

I posted my previous pessimistic scenario as possible but not probable. My primary count is that correction was ABC and we now on the wave 2 of impulse and expecting wave 3 rally. Based on wave 1 length it could reach 18K on wave 3 and 20K on wave 5. Where wave 3 will start? I hope at 9K we've passed. If not then at 8.8K, 8K.

erny_th

BTC 2K on next week? I hope this is joke )

erny_th

Inverted head and shoulders pattern is complete. Now we need breakout of neckline. It will be continuation of wave 3 of 5 Elliot impulse waves. Price target is $18,270. However resistance at $12,000 is still strong, last three attempts to break it was failed, so it might be difficult to break it.

erny_th

I'm just beginner in technical analysis, so might be wrong, but is it bullish Cup and Handle pattern formed on BTC/USD chart?