BTC hasn't yet had a good go at the long term fib level of 62k, I expect it will try and fail before retreating to a local breaker (~34 to 41k) and then have another go at $62k and eventually succeed
This is the BTC/PPC chart which shows some strength, and I'd expect the breaker to be re-tested. Narrative can be: PPC is a POS version of BTC, and this is desirable.
Using key fib levels drawn on the 2 hour TF, I'm expecting BTC to range between 4793 and 4323 for a couple of weeks. Sell at 4.7x and buy at 4.3x. A close above the 2 hour 4793 will mean a push up to the next range at 5830. A close below will mean we are likely to test new lows. Based on weekly blocks drawn in September 17, the next level is 3663. But we are at...
Assuming BTC on bitstamp successfully breaches and subsequently bounces off fib level 4750, we'll be on our way.
The coral trend indicator from lazybear on a daily time frame paints an easy to read pattern that highlights the dips and troughs seen throughout this year. The current cycle to the trough appears ready to end and the trend to the next peak requires an immediate increase in price to paint this as expected. See the dotted line to display the expected price...
I expect the next trend to be green, then a little red, then a slow grind up through 2019
Tops and bottoms converging with crunch time in Feb 2019.
I'd have updated my previous idea rather than publishing a new one but I need more practise on this site. Regardless, But this looks like a good entry to long until the next key trend line.
I'm going to set my long at 7950 with a stop loss at around 7900. I'll be keeping an eye on profit taking opportunities if we range above the predicted trajectory. You might notice I have not used any traditional TA techniques as I'm just starting out with this platform. So keen to hear from any TA experts who might be able to formalise my predictions.