On the chart of BTCUSD, we have been able to successfully recognize a zig zag corrective wave structure labeled (A) (B) and (C). Then price followed an impulse which indicates the begin of the resumption and we count it as wave(i) of the bullish trend then we noticed a correction which we counted as wave (ii) we expect a breakout of the wave (i) high will...
Hello Traders,
Bitcoin is forming a bullish accumulation pattern on important resistance zone, we have a buying point above 10k, if we cross that area we will assume the resistance have been broken, and the target will be on the next important resistance around 13k.
The resistance zone.
Best regards, Sandro and Gustavo.
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This is a monthly logarithmic chart of Bitcoin going back to April, 2014. If you look at the run up in 2014, there was a similar skyrocket up near the end of 2014, which the bubble ultimately burst bottomed out around the 0.78 Fib line. Looking at 2017, using the same time frame (around a 5 month run up), we can see that if chart patterns mean anything and...
