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TOINFINITYANDBEYOND

To infinity and beyondOn the mid term a scenario with high possibility I forsee: Not retracing big time soon and go straight to 20k coming weeks. There are only psychological resistances and supports till 20k at this point. If we go straight to 20k I expect to have a correction of around 30% which will bring us to 13800. A long term resistance/ 2019 high. BTC bullcycles tend to have nice big dips of 20-40% (Sale! Sale! Sale!). This would be a perfect scenario and if it plays out we for sure are going TO INFINITY AND BEYOND!! I’m posting daily updates on BTC , BTC .D, ETH and more. Let’s discuss ideas and trends!
BITSTAMP:BTCUSD
by Mannssa
To infinity and beyondBTC is currently dancing the salsa with 16K. Short term Looks like symmetrical triangle formation which is generally bullish. Longer term All indicators are still flashing red. Lets keep a close eye on the chart coming few days and lets see what the market will determine. I'm posting a daily update on BTC, BTC.D, ETH and more. Follow and like to see the updates and comment your opinion about my charts or your predictions. Let's go to infinity and beyond together!
by Mannssa
1
To infinity and beyondBTC is currently dancing the salsa with 16K. Short term Looks like symmetrical triangle formation which is generally bullish . Longer term All indicators are still flashing red. Lets keep a close eye on the chart coming few days and lets see what the market will determine. I'm posting a daily update on BTC , BTC .D, ETH and more. Follow and like to see the updates and comment your opinion about my charts or your predictions. Let's go to infinity and beyond together!
by Mannssa
ETH weekly super wave 1 complete?Taking a look at the long term weekly chart we can see that there is a pretty clear 5 wave count with .618 retraces for corrective waves 2 & 4. The theory would now be to expect an ABC correction to the .61 or .7 fib retracements. The .78 aligns with the 70 week ema at around $300, so that could be a strong target. I'm not really sure if there is a way to predict the correction duration from this chart? I'd be happy for someone to enlighten me. Long term this would be only wave 1 of a long term weekly super cycle. Good news if you are in for the long haul. This wave took over 2 years (116 weeks) to play out. So safe to assume the next wave up would take around the same amount of time. This is merely a commentary involving Elliot wave theory and in no way trading advice.
by cheretic