About meComputer scientist, Chartist. Chart analyses is forecasting the direction of the Brownian motion with a drift, which is due a famous mathematician Friend, nonsense, but experience shows that charting actually work
Bitcoin landed to its, until now never broken lower channel line which is created by 0.78 fibonacci retracements after new ATHs..
So for me it is buying time again. I expect a sharp movement to 100k and the to 180k as visible on chart.
At the end the only being knowing everything is god alone, we are just saying what the chart (which is based on past and current...
Due our analyses bitcoin will continue to raise in price in its long term channel.
Currently we are in a buying zone for the 5.th elliot wave (5).
Fibonacci time zone indicate the timings for new ATH and for for corrections....
After hittig the lower longterm channel (Aqualines), which are created by 78.8 Fibo corrections,
we expect bitcoin to hit new ATH s in spring 2020.
Fibo Timezone indicate that it is possible that a new ATH (with Fibo 17) could carry bitcoin to 3.2M in 2 Years
the next 35 day will define the direction of BCH.
If the market goes below 196 we'll land at 118 USD.
At worst case, we'll touch bottom of the black triangle at 40 USD!
If we follow the blue arc, and reach 340USD and stay above it, we could reach 3800 USD levels at the beginning of feb 20.
So should we buy or sell now?
Well if we move above 340 USD a brutal move...
Well, this is only an other painting of my previous analyses.
To reach the the fibonacci 1.6 or 2.6 targets BTC need to break its current long term channel...
If BTC decides to stay in its channel, we ll reach like 32k.. otherwise Fibo 1.6 to to fibo 4.2 Possible so targets up to 101k...
32k, we ll reach probably in August, so we can go to holiday in peace.
I made predictions b4 that BTC would move to 101k, but while I was playing around with charts, I discovered big smilarities between the trends of 2017 and the current trend.
BTC is moving very fast to new highs indication that BTC is trending, so knowing this the rest was quite easy to paint..
We can find the 5 phases of the trend of 2017, also at our current...
Bitcoin diamond suffered badly during the correctionphase of the market.
Having an ATH of 148 USD this coin has the highest potential among the top 50 coins.
This is not a coin to hold.
It should be sold when "enough" profit is made.
The charttechnic used is an invention of me . I call it focal point regression method (FPRM). I believe that it is more usefull...
The big correction to 7k is rejected ,
Read the chart from left to right, follow the blue path...
Bitcoin running to 20 k really fastly, jumping over resistances on the right side.
Weak hands will loose their food to the lions and those will carry the baby to 101k..
Alts will probabyl have a massive pump while bitcoin will go sidewards for a while..
Bitcoin is moving in its long term upward directed channel from its begin.
Due fibonacci Time Zones we will reach in may 2020 the upper channel line again at 100000 USD.
This will correpond to a 4.2 Fibonacci target.
We expect also all Alternative coins in the top 30 to reach their Fibo 4.2 targets.
The most undervalued in top 30 is quantum, which 30 times away...
I ve learned that right side of the chart is a fuction of the left side of the chart with extreme points of the right side defined by supports and resistances of the left side. The chart describing this. A fibonacci 3.6 bull-run will bring us to 75k for bitcoin.. But I am expecting a fibo 7.2 which is inline with the long term channel.