matt8932

matt8932 Updated 

Looking at the chart, I think BTC has completed 5 wives to the upside, but could now bounce off the minor resistance line and head to a new lower low.

matt8932

If the price can pierce yesterday's Wave 3 high, then we are in with a shot of a substantially higher high.

matt8932 Updated 

Just a quick play with the Elliot Wave tools. I'm thinking that we could be in the midst of an ABC correction before resuming the downtrend.

matt8932 Updated 

Reddcoin has delivered some spectacular returns for those who got in before the price explosion in December 17. The chart has been very messy but I wonder if an ascending triangle is forming? It will be interesting to see whether it follows the price path I've drawn out here and if so, the intensity of the breakout.

matt8932 Updated 

I expect a further fall in the Bitcoin price of approximately 30%. This is based on reviewing the dip of July 2016, noticing similarities between the price patterns at that time and now.

matt8932

I'm hoping for a pop to the upside this weekend following a period of consolidation, which looks like a bull flag to me.

matt8932

Having shaken off the uncertainties around the launch of futures, Bitcoin has been forming a large ascending triangle formation and looks ready to pump up to c$21k.

matt8932 Updated 

I went to cash yesterday as this pennant formed. It's not however a textbook bearish pennant and knowing my luck, having made the decision to go to cash, the price will probably swing to the upside.