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rafbie
Mar 26, 2018 4:02 PM

BTCUSD target 40k in 2018 Long

Bitcoin / DollarBitfinex

Description

Symmetrical triangle in wave 4. Long hard.
Comments
steve.elliott
how did you get a 40K target and also a target timeframe. Can you share your methods, or should we just follow?
rafbie
@STEVE.elliott, First wave went from 160 to ~770, roughly 4.6x. Third wave 477 to 19700 which is 40x. Fifth wave is usually equal to the one if the third is extended. So I would expect around 4.6x from triangle breakout point (around 9k). Given that we are in a bubble fifth wave can go much further than 4.6x, maybe even 100k?
wolfgang95
yeah it will shoot ryt at 40k over nyt! good TA
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