After my previous analysis here:
Where the Harmonic Bullish Gartley was confirmed as well as a Head-And-Shoulders Pattern noticed (Thanks VitalyKaminsky) and a breakout of the structure/channel upwards in a bullish trend. An Elliott Wave count seems to be in progress, where a Wave 1, 2 and 3 have just been completed (Caution - Possible extension on Wave 3 - Patience), and it seems Wave 4 is now progressing. Once wave 4 has completed, we should see another Impulse move pushing price upwards to around the $3000 ~ $3100 area, according to my calculations, using Fibonacci extension. Once this price has reached, I shall make another analysis, where I believe the ABC Corrective waves may possibly last for a considerable time, thus pushing the market sideways, until the Segwit2x, UASF and the Possible Fork issues are resolved/completed and all testing has confirmed there are no issues.
Here is what the Segwit2x, UASF and Possible Fork issues mean:
99bitcoins.com/bitco...ed-explained-simply/
And an additional follow up here:
99bitcoins.com/segwi...at-you-need-to-know/
In my opinion, now is a reasonable time to buy Bitcoin whilst you can still get in (although you are a little late), if you haven't already, especially once price action hits wave 4. I do not see any reason for concern to panic sell the coin, as once the Segwit2x, UASF and the Possible Fork issues are resolved or during the ABC corrective waves, which thereafter, we should see a huge increase in price, well above the $3000 USD mark and it wouldn't surprise me if price action surpasses the $4000 mark or greater, after the 1st~6th August time frame.
----------------------------------------------------------------------------------------------------------------------------------------------------------
DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out.
.....::::: If you like this chart, please click on the THUMBS UP ! :::::.....
----------------------------------------------------------------------------------------------------------------------------------------------------------
Here is what the Segwit2x, UASF and Possible Fork issues mean:
99bitcoins.com/bitco...ed-explained-simply/
And an additional follow up here:
99bitcoins.com/segwi...at-you-need-to-know/
In my opinion, now is a reasonable time to buy Bitcoin whilst you can still get in (although you are a little late), if you haven't already, especially once price action hits wave 4. I do not see any reason for concern to panic sell the coin, as once the Segwit2x, UASF and the Possible Fork issues are resolved or during the ABC corrective waves, which thereafter, we should see a huge increase in price, well above the $3000 USD mark and it wouldn't surprise me if price action surpasses the $4000 mark or greater, after the 1st~6th August time frame.
----------------------------------------------------------------------------------------------------------------------------------------------------------
DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out.
.....::::: If you like this chart, please click on the THUMBS UP ! :::::.....
----------------------------------------------------------------------------------------------------------------------------------------------------------
Comment:
Price action has now completed wave 4, as I predicted in the above chart and is now on it's way to completing wave 5!
