With a rally in BTC over the past months, and a small A-B-C correction(or commonly known as as flat), a positive reversal pattern has developed in the RSI.
This gives us a opportunity to calculate the finally target for wave 5. I do have a Fibonacci target at 15008 and a Gann target of 1491, but another way to calculate a target is
when the RSI has formed a positive reversal. Shown on the chart is the math to calculate the target at 14735 using the price daily close.
My target still remains at 15008 which is close to my Gann target, calculated using the Gann's square of nine.
This gives us a opportunity to calculate the finally target for wave 5. I do have a Fibonacci target at 15008 and a Gann target of 1491, but another way to calculate a target is
when the RSI has formed a positive reversal. Shown on the chart is the math to calculate the target at 14735 using the price daily close.
My target still remains at 15008 which is close to my Gann target, calculated using the Gann's square of nine.
Time is the only true currency...how will you spend yours and what value will you receive?