Roly_uk

Roly_uk

which ever way we break it will be a volatile move. My TA favours a bear break.

Roly_uk

I see 1 more leg down for the stated reasons. If you have any questions please ask and I'll try to explain. This is the BTCGBP daily chart

Roly_uk

History repeating itself.

Roly_uk

I don't like the idea of this because it makes me a bag holder but this is where I see BTC within a month. V shape or consolidation I don't know

Roly_uk

Everything screams to me that this is a double top with a retrace back to the $5k area. A fib extension of wave 3 & 4 gives a PERFECT 1:1 extension to the double top area depending on how much wave 4 retraces. I'll publish an in depth chart of only this last wave. Keep safe

Roly_uk

These 2 candlesticks make me think that wave 4 has just moved to here. 2 days & 3 hours of sideways movement. We're now back to wave 1 of wave 5. If wave 5 does manage to complete I believe the target will be $8357 but I see a potential double top on the next leg up after this retrace. As ever I would appreciate feedback. Keep safe

Roly_uk

wave 3 failed so we go back to wave 2 which has now retraced to 0.78 fib and start wave 3 again. If we now fall below $5800 we will head back down to $5400 (weekly moving avg)

Roly_uk

Last chance for wave 3 to stay bull. If we drop below $6k it's wave fail. So far same target. Feedback welcome, stay safe.

Roly_uk

15 minute chart Key resistance area if wave 3 (of wave 5) is to stay bull & won't be in the clear till we break $7k short term target $6750 Please feel free to comment

Roly_uk

wave 4 complete. Wave 5 target $8150 to $8350 possibly higher with volume MAJOR CONFLUENCE 1 day EMA strong resist/ support trend line wave 3 & 4 fib extension ascending trend line from AUGUST 2015 Then back down to $5500

Roly_uk

Retrace to 200 wkly EMA ($5600) then push to $6800

Roly_uk

Wave 3 lots of resistance with lots of potential

Roly_uk

Wave 3 with resistance

Roly_uk

wave 2 complete

Roly_uk

short term retrace. Id like to know your thoughts

Roly_uk

Don't know where leg 5 will end