We have seen a nice pullback, on low volume, for this pattern after reaching 33% retracement. For this pattern to continue I would like to see it go no further than the top of the Ichimoku Cloud otherwise we must assume the pattern is busted? Target : $2265 & $2177
Decided to cut long position as this looks decidedly weaker. Symmetrical Triangle Target : $2166/76 thepatternsite.com
Looking for a break in the 9 day simple moving average for this scenario to play out? Targets as per chart!
As with all Rising Wedges they can break both ways so here are my estimated targets:- Break Up : $2937 Break Down : $2369
Now it's a toss of the bitcoin as to immediate direction!
Chart as described using link below. Fibonacci Targets : $3336 & $3512 www.youtube.com
If like me you are looking for direction then maybe this is the path? Fibonacci Targets : £2587 & £2722 www.youtube.com
Follow up from earlier weekly chart. Target $56.3 to $56.7?
After moving above cloud and breaking the downward trend line of the triangle I have decided to go long! Target : $3124
After moving above cloud and breaking the downward trend line of the triangle I have decided to go long! Target : £2412
Plays out with previous thoughts and so let's see if it comes true? thepatternsite.com Targets $2376 & $2265
Seems to be following to pattern as described:- www.tradingstrategyguides.com
After rejection and touch of (£2018) 100% Fibonacci Channel retracement, I must assume we head down towards the 200 day moving average shown in purple. New Targets £1723 ~ £1753? As seen in examples on this page www.tradingstrategyguides.com we may even see a pullback be dropping again?
Set targets in accordance with break of channel levels:- Target 1 : £2036 Target 2 : £2114
Rarely chart this time frame but thought it showed better if this pattern completes? Target $2603
This is only my interpretation of the Elliott Wave so far so may be at variance with the experts?
I think this upward movement will test the upper part of the channel so looking for a Target of $2615.
Seen a similar pattern so lets see if it works? www.tradingstrategyguides.com Target : £2059 or $2618