After much deliberation and blind to the obvious ~ the bull trend set to continue in my opinion. Target : £1245 or $1600.
I have gone short off the back of a "Bear Divergence" at an overbought level. So if the handle is to be the pattern as suggested would expect at least a pullback to level suggested?
This is the question as my exchange double topped on the four hour time frame so gone bearish again. So watching for any break in the blue broken line signifying a Rising Wedge from mid-March. Target for Wedge Breakout £1325 : Breakdown £861
I think this one caught many of us with our pants down lol. Super Wedge Targets: $1655 & $1897 Looking for opportunity to go long,as market so out of alignment, so buy on any significant dip?
Reached falling wedge target now looking for 0.058 + which may take awhile depending on Bitcoin action?
Another stab at Elliott Wave and it may degenerate into sideways to bearish movement,possible WXYX combo wave, for a month or so until next Full Moon(11th May 2017)? Keeping a watchful eye on Gann Fan to spot any bullishness! Short Term Target : $1253 and a meeting with 200 day MA.
Short term target 23.6% fib level where support is found from cloud.
Finally got some sell signals so taken small short to see if Old All Time High can be tested?
Looking for reentry after New Moon orbit? Not sure of pattern which prompted rise but now think could have been a Scallop on reflection.
Holding to the Moon Phase Rule she did not touch down but if the rule holds good and is did on the Full Moon Mark to buy then the New Moon must be sold. Sitting it out now to see if the lower diagonal trendline will be broken circled in yellow and first target?
With tongue in cheek somewhat with the description this is how I see it over the next few days. Of course bitcoin always proves me wrong but this the plan! Targets : C&H £1015 or $1300 ish?
With a "Hidden Bull Divergence" and potential Cup & Handle was confident enough to go long. Target : £1015 Trade Active.
The stars and planets seem to be aligning with this pattern now if this current Bull Trend continues? Just an update on an earlier chart which was a bit premature! It is possible there will be a smaller pullback before hitting higher levels and this is what makes bitcoin unpredictable!
Seems like this exchange on a one-way mission ~ throwing us all a curve ball? Certainly makes ATH's mean nought.
Offering a scenario over the next few days.....remains to be seen?
Gone short on overbought, harmonic pattern fib level retracement and don't forget the New Moon which in this case means sell!
My exchange gapping upwards briefly makes me wonder which pattern will win! Target : £986 in both cases.