I was checking the BTC graph and noticed this interesting thing . Atm the Price is on Fibo extension of the main trend of 1.2 and the second ideal extensions is at 1.68 (top green dotted line) and i noticed that this point match almost with the possible bullish flag pattern top area.
So this is just an idea but i'm pretty sure that if price doesnt get back to 11.2 level or even better if it uses the 11.2 level as support it can go there at 12.7 easily.
Practical question: how do you create more headroom in your charts to draw the profit targets? I'm never able to drag my graphs down by click and hold.
maxdnet
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@RvdH, mhh just clickk and hold, i do in that way.
Farrs
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I think we are looking at the same trend. I am being a bit more bullish and thinking that it go above 13 before end of December...
maxdnet
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@Farrs, oh it will for sure. As far as i see now it's doing cycling "cicle" using previous resistence as support and making bullish flags move.
This thing is insane and unpredictable atm.