11k is the breakout for the blue pennant . 10 k break out for the black pennant. When 10k is broken then 11k will be brocken and we ll be at 31k. this is the TA.
After touching the triangle on the weekly, expecting BTC to go minimum to 4.2k
The big picture on the daily is that we still have a valid down trend (lower lows and lower highs since 3th Jul 2019) We have a broken correction on the daily and on 4h. Elliot wawe 5 completed on the daily and we finished AB correction and heading down to C. The lower channel band is at 1200 USD (previous ATH). The down trend from jul. 2019 will be broken...
Crypto-ocean is stormy and sometimes storms last for many year as it is the case for Ethereum and Bitcoin. Normally a coin makes an All-Time-High (ATH0) then corrects to the previous ATH (ATH-1), a.s.o. Hier is an example for such an healthy correction: This is not happened yet for ETH and also not for BTC. At its deepest point Ethereum lost 94% of its value to...
I ve tested a new method a new Method for Price forecast. If the test is successfull, I will sell the new method to interested, if successful!
I know a person, who was teaching trading at a big german bank. He told me that big players in the market earn their money during corrections. This makes sense, because they can not sell their huge assets at the top, otherwise price would fall like a stone and they could not make money. If you check the chart we are currently 10 times above the last ATH(-1) and...
The drop from 10k to 8k was probably the last time, we saw BTC in that level. Charts are symetrical and after 3 years of correction, it looks like that those who bought, already bought and those who sold already sold. The chart talks a clear language, The symetrie is complete. Monthly is very bullish! So in MY OPINION a breakout from 10k will skyrocket us...
charts are usually symetrical during a correction. You will find the past on the left side, symetrical on the right side in the future. To know/guess the next target it is important to know where we are on the left side currently (The arrows). So we are moving to 17k, then a correction to 12k then we'll test 20k. Then we'll make probably a run to 180k.
PAPIL more then doubled and on the daily overbought. The stock doubled after the initial offering. PAPIL built a triangle on the 4h chart indicating that we'll have a 5th Elliot wave to 14.25 TL or to 18.86 TL. It is also possible that the current (FIBO 1.6) ATH of 12.08 will correct to 8.10TL, 9.1 TL offering buying opportunitinies at those levels.
Otkar will probably move to the one of the given Targets, most possible to 340 TL (Fibo 1.6)..
Asels finished a 0.61 Fibo correction and reached its lower channel line. We expect a bull-trend to 3500 TRY from now 23.5 TRY.
BCH made a fibo 0.786 correction from its previous high and will probably forward towards 1700 or higher. Fibonacci timezones was indicating a bullrun for january 2000 for bitcoin and coins and it looks like that the hunting seaon has started..
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...