Good analyziz. My analysis is based on fundamentals. As I mentioned in a comment previously - two months ago was the last time to sell your coins on a good price. Now there is no more chance for it. The longer you wait - the worst it gets. It will be devaluing faster and faster as more and more FOMOS realize no more gains in BTC. From now on it's only going down... Down untill it reaches $10.
Then it will recover to $70 - $100 and will remain in that range in unforceeable future. No more volatility. I calculate price action between $70 - $100 for a practical BTC market cap. I also project EURUSD to reach 0.98. DXY to 113. in fast pace. Gennie is out of the bottle. Dollar explosion is happening right now. OIL down to $35. Silver to $9 and Gold to $800. Personally I will buy Silver at $9 coz that price will be the end of the cycle on commodities. Probably also Fed's QE resumtion. BTC seems to be unrelated to any of this. BTC follows its own path and it only seems to be related to uninformed speculants hoping for gains on appreciation. News does not matter for them because they don'read it.. IT's a very bad signal for a market. Means it's totally hollow. Full of uneducated uninformed, "a horse with blinders" participants. About the dollar: I don't know if the dollar will continue to rise further after it reaches113, but at least there will be a correction.
rivet.popper
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Holy shit I just filled in the chart and it traces like a glove. You nailed it.
tootyfrooty
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Great seeing this develop. One more resistence line to cross.
vortexspaces
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Super!!!
allegro101
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Elliott Wave analysts I follow have all turned bullish, which by itself is interesting. I think it is important to also consider DanV analysis that considers any move up here a temporary bounce and not the start of a new bull market cycle:
B33tcoin
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The target is indeed around ~$500 which is a quite substancial raise. But then it could turn out as a lower long term high. So time will tell.
tootyfrooty
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Lovely mate!
B33tcoin
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So here comes the 200ish panic exhaustion. Let's see how it will react and get into the wedge or not.
Great work. Where do you see this rallying topping?
B33tcoin
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Trading is not about predicting price but beeing on the right side. It will go where it's gonna be well priced so the answer is: until the uptrend stops.
"a trend revival several times but did return once"
Then it will recover to $70 - $100 and will remain in that range in unforceeable future. No more volatility. I calculate price action between $70 - $100 for a practical BTC market cap. I also project EURUSD to reach 0.98. DXY to 113. in fast pace. Gennie is out of the bottle. Dollar explosion is happening right now. OIL down to $35. Silver to $9 and Gold to $800. Personally I will buy Silver at $9 coz that price will be the end of the cycle on commodities. Probably also Fed's QE resumtion. BTC seems to be unrelated to any of this. BTC follows its own path and it only seems to be related to uninformed speculants hoping for gains on appreciation. News does not matter for them because they don'read it.. IT's a very bad signal for a market. Means it's totally hollow. Full of uneducated uninformed, "a horse with blinders" participants. About the dollar: I don't know if the dollar will continue to rise further after it reaches113, but at least there will be a correction.