cybernetwork

Bitcoin (BTC:USD) AB=CD eventual long-term target

Long
cybernetwork Updated   
BITSTAMP:BTCUSD   Bitcoin
Short-term minor retracement likely before continuation.

See my previous posting ( inverse head & shoulders target ):

Loads of bullish accumulation price behavior leading up..

PRISM Oscillators Analysis (see chart below):
  • Stochs(pRSI) in overbought state.
  • Snap osc in the negative (pink), which is pulling Acceleration/Jerk ribbon down, which will in turn pull momentum down in the short term.
  • Acceleration slowing down on the 4hrly
Comment:
PRISM Oscillators Set Analysis:
Comment:
Update:
AB=CD drawn between candle bodies (light-blue line):
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