Never an easy task as overused expression "catch a falling knife" ! New Target $1052 or $1350 where daily may catch Ichimoku cloud and touch 200 day exponential moving average?
Still have target $1605 in my sights where it meets the most recent uptrend and where we may see some consolidation for a time?
Not saying this a definite ~ but a possibility! Very much a wait and see with targets : $1605, $1086 & 906?
So far it has been bit of a roller coaster ride, the burning question is is set to continue. Target as per chart but indeterminable until trend established?
This provides an interesting contrast for all those people who think mainstream is not related. Wave 4 is the unknown?
Not much to offer as watching by the sidelines but will history repeat when top is found ~ see yellow circles highlighting chart course.
In a somewhat boring time in the market I have added some colour to my thoughts! People are in two minds, with good reason, as to whether or not this is a Mega C&H so put some targets in yellow and orange as to where I think it may go?
In my opinion these are two good examples with the H&S yet to reach its target but exhibiting all the signs!
This is how I perceive the count to be progressing next target $1465 peak price and possible $914 being the low? Any comments concerning the count welcome!
Well the early re-entry worked well for me but as always Bitcoin surprising on the upside. Waiting now for chance to enter again on pullback but may reach £1793 + before doing so?
Using the Fib Channel and imminent rise I am suggesting these possible targets but does depend on time frame and trajectory? Target 1 : $2122 Target 2 : $2293
Not there yet but could be classic! thepatternsite.com
Bitcoin seems to be trying to seek out long term trendline(thin blue dotted line) which makes a $2300+ likely in the next couple of month's?
Looks very bullish short term with the large triangle(symmetrical) target met and now consolidating! Target : $2085 thepatternsite.com
Have gone long off the back of strength in the coin and guess traders are buying dips? Targets : £1577 & £1600
Whether it be a bearish butterfly / crab or neither it will be an interesting play! Targets are apex of either pattern ~ favouring $2038/58?
Targets as per apex of harmonic pattern!
This large pennant looks real so setting targets accordingly! Target 1 : $1932 and Fib (127.2%)$2039