I revised my forecast for bitcoin, because after breaking through the channel line (from which in the previous idea, I expected to see a rebound down), it became obvious that I had incorrectly chosen the reference point, and all current run, from 8200 to 17100, is (3) a wave , which ends in the region of 19000. Afterwards, I expect to see the continuation of the...
As continuation of previous idea:
1. We come close to current year upper channel, that constanatly send bitcoin to correction before, after two touches. May be it will be the same this time?
2. Fibbo 2.0 stands on 8200 price,which corresponds with upper channel line.
3. All previous assumptions are in play: RSI no continuation signal, WMA (200) untoched.
Be carefull, don't get bulltraped. High chance that we are in one now.
Previous falls always retraced to 0.786 fib, then fall continued, and ended on WMA(200) line, with touching oversold zone on RSI, so high chance of repeating.
We have strong support on 5000, so fall should'n be ended below that poin, but it's crypto, and the panic is good way to buy...
I believe LTC have a bright future, but right now hype about SegWit is over.
Big players are quiting.
Breaking Daily trendline and $25 treshold will be complited H&S pattern, which means minimal $13 dump, I expect $12.7, may be deeper