One year from now and all coins will get back to 2017 prices, BTC will worth $800 probably.
I will try to keep this updated and count the waves but you get the point here...stay safe till end of next year .
I have an impeccable wave-count down to minute resolution on the October rally which gives me high confidence that this is a W1 with a W2 in progress. This structure is tradeable regardless of whether it is the start of a larger rally or the beginning of an ABC as I can confidently infer a W3 to follow. I intend to trade this once I see a qualifying retracement...
This chart represents my highest precision wave-count for the current correction.
Red bars represent corrective sub-waves and Green motive sub-waves.
I have X: 3-3-5 (Flat), Y: 5-3-5 (Zig-Zag), Z 5-3-5 (Zig-Zag).
Price is currently in wave 4 of C of Y.
Now approaching the end of the triangle, we should be breaking down within the next few days. Triangle target sitting at around $5500 and the 0.618 fib target is sitting at around $7500. I personally believe we will bottom closer to the $7000 around the 0.618. A lot of people are going to be waiting to buy this dip
Head and Shoulders played out , What followed was a retest on of the level of the last peak of the descending wedge we broke out from yesterday ,
While doing that price did consolidate inside a descending broadening wedge which is bullish, Broke out to the upside , retested back on the top side of it and now we are set for another run to the upside,classic text...
Head and Shoulders forming on the 1H after bitcoin got stopped at the 10450 level which is the 0.786 fibo taken from 10604 high to 9880 low( range we were downdtrending for the past few days as seen on the chart )
That will bring us back on the upper side of the descending wedge formation we broke out to the upside yesterday - green curved line
BTC holds the 10000 USDT mark though there are no buyers to boost the price on higher levels . It seems though from the chart that we will have to go higher for price to prepare on going deeper on lower lows territory as any attempt from sellers the last week only resulted on strong bounce back above 10000 every time we touched bellow that ,creating a bullish...
Head and Shoulders pattern on the 5 mins , sending price back to 10500's , fib 0.618 level from 10460 low to 10777 high is at 10580 , maybe good entry before our next swing high in the ascending wedge price is consolidating in at the moment.
I am predicting long to 18000, i get to this through my own developed phase TA on the 3 day charts. And i belive we will drop to 10200 then break to 12, and probably break through there oventually.
U am not preaching you should listen to me and trade it but i thought i would share so if it looks like it might...
BTC is currently waiting to move up. We are about to finish this descending triangle.
My target is to sell : $14,500 - $15,300 levels.
%15 - Max %20 of portfolio
Stop-loss is around $8900
Would not recommend leverage trading or at most 3x
Additionally, I still believe that BTC needs to retrace before a healthy bull market. After touching 15k...
Bitcoin was entered to current downtrend channel in the June 22 And then formed a symmetrical triangle
But contrary to the expectation , this triangle is a return pattern, Because in the second half it formed another triangle but this time a descending one .
And given the head-and-shoulders pattern formed during the latest bitcoin changes, the lower side of both...