Brian_Wu

Brian_Wu Updated 

Bitcoin might be forming a possible massive downtrend: with possible Head & Shoulder formation, and a classical ABC correction, the possible price at the end of WAVE (C) could be below 6k.

Brian_Wu

on 1H scale, currently BTCUSD is repeating the 6H inverted H&S formed between Jun 16th - July 16th. It is very likely to go to 10k, if the inverted H&S could be confirmed. i.e. price break 8.3k.

Brian_Wu

BTC's price has been mirroring it's previous trend since 28th Jun. Will it play out as what has been foretold in the past? Let's wait and see.

Brian_Wu

Litecoin has existed the downtrend channel, as well have most alt coins done. It will soon resume to its former glory, 170+ USD. Wait, and see.

Brian_Wu

Quantum has existed the down trend channel, now it's heading up to at least 12.9 USD. If things going well (meaning BTC can climb back to 12k), the best shot in short term is 30+ USD.

Brian_Wu

Bitcoin is currently forming an Inverted H&S, If complete according to my thought, it will rise to at least 9k

Brian_Wu Updated 

I think it will drop to 6400 USD before it soars to 7700.

Brian_Wu

Now it's forming the inverted H&S, if completed, the target price should be around 7.7k