Price has recovered reaching a new historic high level.
"Wall Street at fresh record highs with tax revamp in sight" www.reuters.com
Price has reached a new historic high breaking the 24.000 level. www.reuters.com
"Investors gained confidence that the Republican party’s push for a U.S. tax overhaul would succeed. " www.reuters.com
After having broken the $ 10,000 level, the price reached a historic high exceeding $ 11,000, however, it had a strong drop to $ 9,000 and a subsequent recovery back to the $ 10,000 level. This situation shows the high volatility of the asset, strongly influenced by the important level of $ 10,000. www.reuters.com
Price has reached a new historic high price with a big bullish candle. "The S&P’s biggest boost came from financial stocks after Fed chair nominee Jerome Powell, in his Senate confirmation hearing, discussed potentially lightening regulation." www.reuters.com
Price has reached a new historic high approaching the $10.000 level. www.reuters.com
XMR - High & Tight Flag - watch for breakout up or down
Price remains in a strong bullish trend, reaching a new historic high.
Overall dull right now but with a positive undertone, still, at these levels. We look to buy from lower, closer to 7531 if touched or, if very lucky, on any sharp fast test of the lower parallel which would also be viewed as an excellent buying opportunity, should we be lucky enough to see it later in China/London on Monday. Unlikely, but it's Bitcoin. If...
After recovery, price remains in a strong bullish trend, reaching a new historic high record.
Based on my very rudimentary chart analysis using Elliot Wave Theory principles , it looks to me like BTC can reach 7200$ USD as a relative high. Again, this is my first application of Elliot Wave Theory and by no means am I an expert nor is this advice on investing. Simply my view on where BTC is headed in the next 24 hours or less.
"Bitcoin hits record high after developers suspend plans to 'fork' currency". www.reuters.com
"Bitcoin hits all-time high after CME Group says to launch futures" www.reuters.com
High flag. If FCT breaks the channel, the goal will be USDT $ 34,199.
Five days ago (10/20/17), I took a long position based on the daily chart: As you can see, I went long due to the strong bullish engulfing pattern and in combination with strong technical analysis (strong short term uptrend and strong resistance line ahead, which I "expected" to be broken because of the strong bullish engulfing pattern). I bought at 1.68696...
"Strong U.S. Earnings Reports Push Dow to New High: Markets Wrap" www.bloomberg.com
In a perfect world we are just in the beginning of a huge elliot wave. Tell me what you think.