BTC is in its final stages of the 12 months decline. We expect a bottom between the time frame around November 25th and January 13th 2019. Usually the Fibonacci fan is left earlier and prices dont follow until the end of the time target (in this case January 13, 2019). We expect a higher low around January 13, 2019. After January 13, prices have according to fibonacci, social mood and mass psychology the best setup for higher prices.
The target to the upside is already set for 2019. Please be aware that time targets are more important than price targets in our forecasts. Nevertheless, we expect the price target around 4.200 at the moment.
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What's your justification for declaring a "12 month decline"? The last two epic bullruns were FOUR YEARS apart. I'm not necessarily saying that going to happen again here, but you can't just arbitrarily decide the length of a correction/bear market without explaining why.
cryptwaves
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@BCryptological, its because of social mood and the nature within, which becomes visible on the chart with the fibonacci tools. Once the triangulars time target is reached (multiple fibo fans are closing between November 25th and January 13th), a turnaround of the directions is imminent. Please have a look at the section "How to read our charts" of our webpage: cryptwaves.com/please-read/
We just can tell that there is bottom with afterwards higher prices.