Here is an easy analysis using simple but effective Fibonacci and basic support and trend lines how Bitcoin can reach a new high under the new hype driven by most probably regulated institutional access to purchase and hold cryptocurrencies based on whatever global reason such as an ETF or customer account management in developed countries like happening in...
Just for the record, to make sure you can get on the train in time. If Fibonacci were here, he would add a few more levels to the target zones, but happy to settle with 12$ Not sure when, depends on BTC, we might even see lower levels than the current bottom,but the time will come when XRP flies again.. like all the other alts
BTCUSD is slowly moving upward creating a triangle formation Low volume ate the moment, supposed to increase reaching the support / resistance levels Bear & bull traps to be expected both way Overall sentiment bullish
RSI at critical level 10-month logarithmic trendline support Increased volume All the above are great signs for the end of correction, waiting for confirmation on the daily chart
Possible inverse head and shoulders on BTCUSD 1st target to be reached within a few days, 2nd target within 1-2 weeks
BTCUSD Long Target 30660 Once correction is completed by crossing 50-day bollinger lower band - almost there
ETHBTC can reach for flippening following new ATH. Even 35% further upside possibility Will see within 1-2 months
Critical levels highlighted with the FIBO
NEOUSD approaching first target following breakout
According to the irrational exuberance theory
Target to be reached around the beginning of 2018, possibly good luck
Target levels ~5100 -> ~4400 -> ~3400 For bigger picture please refer to prior analysis In case of new ATH the counting is not valid Good luck
Update for my latest Elliott Theory The scenariy is valid if BTCUSD goes for new high, the target is defined by fibonaccy retracement If BTCUSD goes below the local low at the end of the 4th wave, before a new high, a correction cicle has already started
Update for my latest theory, please check out below
Elliott Wave Theory is based on the concept, that a main trend consists of 5 waves, which is followed by a 3-wave correction structure. The basics are derived from the psychological behaviour of the traders. If interested, please do the research for more details. The exact levels and target prices are usually defined by Fibonacci levels and technical channels, but...
Just following the moves usually we see on cryptocurrencies The Fibo levels are giving a great prediction where the move can reach its maximum Remember this chart when we are discussing the opportunity of 2 $USD for one $XRP