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?
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!
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 !