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usr32

IMMEDIATE TARGET $8400 FROM FLAG FORMATION, END OF BEARMARKET

Long
Bitcoin (BITFINEX:BTCUSD)  
usr32 Updated   
BITFINEX:BTCUSD   Bitcoin
Trend Analysis Chart Patterns
4
0
trendanalysis chartpattern
IMMEDIATE TARGET $8400 FROM FLAG FORMATION.
After that, a retest of the the declining trendline at $7600.
The Cup and Handle at the BOTTOM signifies an END OF THE BEARMARKET AND A BREAKOUT OF THE DECLINING TRENDLINE
Comment:
This chart prediction has been invalidated, there has formed a potential tripple top within a rising wedge, which will evolve into a broadening formation. 1st target $6500, then recover to $7200, after that 2nd target $5750.

See also updated chart:

snapshot
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