ETN beautiful C&H on the weekly is playing out perfectly. We might fall to the 0.018 area to complete the Handle of the pattern and once we go back up and clear the 0.028 area our target will be around 0.16 which is 475% gain from the top of the CUP.
Another levarege traders hunt successfully done. NFA Do not levarege the most volatile market in existence.
The Cup and Handle formed on the Total Crypto Market Cap is playing out perfectly. We are at the breakout point and the target should be 5.5T. Just another few days for the confirmation. Target: 5.5 T
According to this count on the monthly chart of ETN, wave 5 is missing.
In this case, we assume that BTC is at wave 3 which indicates a lengthening cycle and higher targets prices as wave 4 should bottom at $64K area.
The following analysis respects the three consistent aspects of wave theory: - Wave 2 never moves beyond the start of wave 1; - Wave 3 is never the shortest wave; - Wave 4 never enters the price territory of wave 1. Observation: The analysis starts from the bottom on Mar 20 To respect all aspects, wave 4 cannot enter the price territory of wave 1, which...
The ETN C&H looking for breaking out with a target of around 0.06 - target 0.06 Bias: bullish
- Downtrend with decreasing volume - ABC correction from the 64K local top - Impulse wave 5 missing (from the 28k local bottom) Bias: Bullish
- Textbook cup and handle formation - Downtrend with decreasing volume - Around 4T by EOY Bias: Bullish
Facts: - descending broadening wedge ✔ with test ✔ - golden cross imminent ✔ - stochastic rsi rising ✔ - recovering from a manipulation dump ✔
The ETN price is looking to reach the top of the channel which is also the 1.618 FIB. If the price breaks above 0.066 in the next few weeks, we can see serious gains by the end of the year.
Facts: - descending broadening wedge - golden cross imminent - stochastic rsi rising - recovering from a manipulation dump
That is what most likely BTC will be doing in the coming months. A simple HS in the weekly peaking at around 80k - 100k than building the right shoulder as a retracement and finally pushing the price down to a long time bear market.
BTC has broken out and was going to the target of $53500. It is pretty obvious that the movement was natural but then, Bogdanoff and Soros did it again... :) This market is still new and very easy to scare off the retail investors. Knowing that the big boys chose selected days to manipulate the market for their own interest. The El Salvador story and it's...
BTC targets for next week are $46900 or $53500 September is usually a bearish month so expect the lower target.
What I can see in the chart is that we are going to .05 before the aurora update and we are going to have another week or two before the update. I can see the #ETN price shooting to .09 / .12 before the update and turning the upper orange trend, the biggest resistance since ETN launch, as support. If so, we can make it to.50 for the market cycle top easily.
If history is an indication, #BTC should be heading to 300K by February 22. Of course, that sounds crazy as many believe in the theory of the lengthening cycle and diminishing returns. I personally don't think that lengthening cycles will take place but I do believe that we are going to see diminishing returns as 350k is far too hard to achieve in such a short...
Easy man, just long. BTC will be topping around $74K