Whether it be either one of these patterns we are still very bullish!
After much deliberation about where we are I have come to conclusion bitcoin reverted back to one of its favourite patterns an "Ascending Right Angle Triangle" in a bullish market:- thepatternsite.com Targets as per chart using formula and Apex/Diagonal crosses!
The correction seems to have been fast and furious and unusual as it takes different forms depending on exchange! Target for this Symmetrical Triangle up breakout £8646. Short term Target : £7778
Yes bitcoin will exceed expectations and is $9k+ an arbitrary number or not? I have this level of $9k + as a target simply because of elliott wave but the powerful Inverse Head & Shoulders I have tried to draw says different which many will question! In my opinion the long term fib channel has been broken, so expectations of a major retracement are strong and...
Yes after the last ascending triangle things did not got to plan, so is this the one to break $10K? Target : $10043 thepatternsite.com
Gone small time frame as all eyes on bitcoin now! Target : $9801 thepatternsite.com
Possibly in the making and so breakout above horizontal dark red line will mean confirmation! Target : $8775 approx
Looks as if we had a classic "Symmetrical Triangle" pullback and now subsequent reversal price action. Elliott Wave shows possible $9250 as target if it follows sub wave price action after ABC correction? thepatternsite.com
It is a case of take your pick as to what you believe i.e. Diamond Top, Rising Wedge or Symmetrical Triangle. Targets as per chart. thepatternsite.com
Here we go again with bitcoin making higher highs and higher lows I expect the bears to come out and play in the near future! NB: Bears do not always get there own way with this scenario ~ look back on previous rising wedges. Target 2 has to be in play but may fall short?
Looks quite conclusive now this pattern playing out so minimum target as per calculation $9800. thepatternsite.com
I have been wondering since the recent high whether or not the right shoulder was fully formed and this may explain why not? The target of $8000+ is estimation on R1 possible support and point (E) on the Flag! thepatternsite.com
I named it as potential as pattern not formed i.e. Right Shoulder. ~ and goes without saying much can happen in next 24hrs! If this plays out minimum target $9746 estimated? Other targets on chart part of Elliott Wave Motive Impulse Waves!
I think this is showing as another reason for more up! Targets : £5973 & £6735
Target $7664 thepatternsite.com
No axe to grind, so wanted to see whether or not worth buying and decided not to unless clear bottom put in after this blow off top!
Ascending Triangle & Adam/Adam Bottom in a bull market! thepatternsite.com thepatternsite.com Targets respectively :- $ 7125 & $7105 Elliott Wave Targets :- $6749 , $7682, $7903, $8259, $8616 & $9192