Updated

Possible path for BTC in next year

This chart will be fail if:
1. BTC go through $2800 in next month
2. Cycle wave IV go below $1166

Good luck.

Maybe easier to see with this one:

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Well, it has break through $2800, I'm watching what's next, for what I'm afraid from yesterday, the rate of every mega pull up last three time is 8.618-->5.618-->2.618(this time, not sure), if it's following Fibonacci sequence, for this time it might reaching 3.618, that would be $3800...really I don't know which one will be the right one, for now I'm out of the market and wait it to be clear.

Note

Let's see how far will wave 4 goes.

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Be careful with the support, watch the lower track and MA30

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Complete of 5 waves up going, now it's time to get out and see the strength of retracement.

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Check the triangle on daily, the yellow line is the date new BTCUSD3M futures 0930 begin.

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As you can see, the MA90 on 6H chart holds again, and the Stoch RSI has reach the over sold zone, I think we're during a wedge finishing, still not reaching top yet.

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Cycle wave IV begin, first touch on Fib retracement 23.6%.

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bamboodian

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