OrnusOfficial

BTC End of Year Projection of 23.5k

Long
BITFINEX:BTCUSD   Bitcoin
I believe that BTCUSD prices may be in the process of forming a major ascending triangle. This is a far out projection and we are still early into the triangle so keep that in mind. However, based on this projection, this current rally will top out at the previous rally highs around 13.5 before retracting back to around 11k. Then next move will be back up towards the 13.5k rally high and possible a breakout at this point towards an all time high around 23.5k (the blue arrow path followed by the pink trend line). This path targets hitting the all time high around 23.5k by the end of the year. If the blue arrow path fails to breakout above the second time at the sky blue circle, then the price will follow the orange arrow path followed by the maroon trend line targeting the 23.5k all time high by early next year. The sky blue path is the alternative price movement following a fake invalidation prior to a breakout of an ascending triangle in the right direction.
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