After rearranging the fractal and aligning it properly with our current triangle we can see that we broke out and blew past $470 last resistance.
The accumulation being over, and no sellers/bears to be found anymore, we are now heading towards $650-680 and maybe way higher as we continue the megabull cycle to the "moon".
From there we have several potential targets but the fractal goes to $8100 per BTC .
My conservative targets are: $680-700 and $1200-950 and $2500
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Zoomed in fractal chart:
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Chart updated:
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We have reached the first major top target at $680 and even overshot it on Bitfinex to $719. Based on the Bitcoin megabull fractal we can expect a consolidation between $720-645 until the next 1W Candle then we moon so more to new highs:
Are you guys interested in me publishing this zoomed in daily chart for you? Please post in the comment section if yes
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As requested by all of you new daily megabull zoomed in chart published! Have fun and safe trading! I hope your all making $$ and additional BTC from my charting ;)
where is a good recourse for general information on reading charts? Been trading for over a year and still don't fully comprehend, I never know when its safe to buy, I spend hours staring at charts worried that I am making a mistake, then I watch the price skyrocket after I'm too late!
BitcoinGuru
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check your PM :)
mahony
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can I get that PM too? :D
w000t
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8100$ yes please!
etnips7
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Will be more than 1m, the real potential is unimaginable.
alistairmln
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Keep posting the zoomed in daily chart.
farraz10
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great n good sir,thx
rivet.popper
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Yes more charts please. Great work and see you at the top.
rivet.popper
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BTW how do you feel about LTC? Is it being replaced by ETH for the moonride or can they both take the rocket?
BitcoinGuru
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Hey Rivet, since ETH has stolen the spotlight (#2) from LTC (#4 now compared to 2013), ETH imo will be pumped higher ($40++), LTC imo $8-10 max (could LTC still see higher then those targets - sure but no guarantee as ETH is stealing the spotlight).
If BTC goes to $9000 USD then ETH could reach imo ($260-500). I dumped my LTC for ETH after the break out few days ago.