In regard to my analysis from June 28 a corrective move to around 4000 $ could be possible. The waves since yesterday indicate a downward impulse while the counts indicate corrective moves upwards. Personally, of course I 'd rather expect a countinuation of the uptrend before the fork.
50% fib retracement, MA, last top at 5000 $, round number, multiple trendline cross and the target aninverted double top all indicated a correction to 5000 USD. This failed, which is a very bullish sign.In my view the mid-term target of 8000 $ + remains (see former analysis). The indicated trendline might be a valuable blueprint for BTCUSD price development.
50% fib retracement, MA, last top at 5000 $, round number, multiple trendline cross and the target of inverted double top all indicate a correction to 5000 USD.
The target of 5300 USD (see last BTC analysis from Oct 6th) is taken despite the more bearish short term forecasts of some of the "big boys" around. What next? 5000 USD is a psychologic landmark, and the chart indicates a bullish sentiment. If the relation between the last two ascents (0.618:1) is a blueprint in regard to the present one, a target of 8000+ may be...
15 Oct might be an interesting date to invest in ETH. Perhaps the corrective triangle might end then and ETHUSD will reenter its uptrend. Alternatively, and perhaps less likely, we are still in the middle of a c, which unfolds as a triangle of a lower degree itself.
This shoulder-head-shoulder pattern indicates a target of 21 USD
The dip to 265 USD took place (266,68 USD, see analysis of Oct 2). This might be a great bying oppertunity for a long long time.
This diamond continuation pattern was triggered with a target of about 5300 USD. (This of course would mean a new ATH with a subsequent target of 5000 + (5000-3000) = 7000 USD). The SHS pattern of the last days was rigourously rejected, which is quite bullish.
These internal trendlines might indicate that BTCUSD is gaining strength. The moves to the upside are getting more pronounced, while the downward moves are getting fainter. This might prepare a paradigm change with BTCUSD entering a steeper channel. At present, strong support might be expected around 4000-4100 ("4000", 50-d-MA, channel line, important horizontal...
The fifth dip to the lower channel trendline might bring the price down to 265 USD. This would be a good bying oppertunity. 100 d MA, 50% fib retracement would confirm this level.
This chart looks really bad, especially the RSI divergence. After the price has also fallen below the central trendline (blue), the downtrend will accelerate. Looking for a setting to go short. Feel free to take a look at the DJI analysis a few days ago, if you're interested.
Higher lows. Price trading above trend channel, multiple trend lines and 20 day MA. After conquering the resistance line at 2.9 USD, the next target is 4,75 USD. First, a dip to 2,65 USD (upper trend channel line) is probable.
Maybe one more dip (23-24 USD?) to the lower channel trendline before wave 3 of 3 with huge gains may start. Fib and 100 day MA are in line.
A lot of trendlines might confirm a possible end of the correction. Correction abc with fib price 50%, fib time 50%, RSI ascending.
There are two trendline crosses, the first (see last analysis for btcusd) at 1950 USD at the end of november 2017. The second cross is located around the present price of 4000 USD at the end of july 2018. Therefore a corretive triangle could unfold over the next 9 months. During the summer of 2018 wave 5 could start to unfold. If 5/3 = 3/1, the target of wave 5...
The red line at 1,19 is decisive. Note that before the two big moves (yellow triangles) there were smaller moves in the same direction (blue triangels) to test the ground. The present test move might be expected to end now after it touched the red line. Target would be around 0.85 USD. A lot of possible explanations could be thought of to make this scenario...
Trendlines converging. Such a rapid fall could be provoced by Yellen's new policy and the subsequent rise of gold due to renewed money printing on a larger scale after after facing the dire economic consequences.