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First time entered into this coin ....hope it is as profitable as it looks!
A little update on BTC's possible direction using the Fib Channel tool?
Short term after B Target : $15677
Whichever way you carve it out it looks like a giant flag at the tilt so Target : $17273 minimum or Weekly R1.
ABC correction done imo!
For all those traders who think this can go below $11395 this is why not!
According to Elliott Wave Rules wave (4) on my chart cannot go violate wave (1). Of course you may disagree with my count and as I am a novice you may have more experience in counting them and prove me wrong but I think not?
No predictions but the path seems to lead towards $30K by the first quarter of next year.
Been made aware of this method of projecting targets ....let's see if it works?
Target : £10910
Whether it be either one of these patterns we are still very bullish!
Bitcoin liking these triangle patterns now so minimum target : £9103 reaching to £9194.
Looks good with a target $12384.
Yes it does work for all the doubters ~ hard part spotting it when in progress!
After much deliberation about where we are I have come to conclusion bitcoin reverted back to one of its favourite patterns an "Ascending Right Angle Triangle" in a bullish market:- http://thepatternsite.com/at.html
Targets as per chart using formula and Apex/Diagonal crosses!
The correction seems to have been fast and furious and unusual as it takes different forms depending on exchange!
Target for this Symmetrical Triangle up breakout £8646.
Short term Target : £7778
Target : £7872
Yes after the last ascending triangle things did not got to plan, so is this the one to break $10K?
Target : $10043
Yes bitcoin will exceed expectations and is $9k+ an arbitrary number or not?
I have this level of $9k + as a target simply because of elliott wave but the powerful Inverse Head & Shoulders I have tried to draw says different which many will question! In my opinion the long term fib channel has been broken, so expectations of a major retracement are strong and ...
Too wrapped up in trying to see Elliott Wave to see the "Diamond Top" pattern which obviously broke to the upside ~ $6924 being its target and now my S/R line! The right side of the diamond and still waiting on $7551 Rising Wedge target/Ending Diagonal triangle in deep red, which also broke to upside !
I think this has merit although incomplete, so Targets as per chart estimated ~ correct on ...
Target : £4100