Looks like we are close to the end of the run up MACD still looks bullish . However its at the bottom of the wedge has not yet crossed resistance at the top of the smaller trend. Thought i would post since everyone is so bullish atm. the bigger picture doesn't seem to confirm anything other than BTC is going down. also volume is down and levl 2 orders on bitstamp and bitfinex all show more sellers. you can see these on bitcoinwisdom
Comment:
the profit estimate comes from measuring the right shoulder and extending it down.