Log chart. The target is remaining the same as previous analysis. $1500 +- around 68 days +- from now. Let the chikun arise.
This is the weekly chart for EOSBTC...no need to say anything here...don't you think?
Time is about now - go long on LTC around Fibonacci retracement of 0.5, then ride the wave 3 up to 1.618 Fibonacci extensions.
Target is to reach longer-term downtrend line around 0.018-0.0185
BTC spend a lot of time to break below 6400, now it has a bounce back from the level, could not make it test previous low again (5900 area). The possible outcome could be an Adam and Eve pattern completion for the bulls. Good luck.
Let's see if the volume is following this breakout ... be happy if you were out from ETH already :) Target the yellow circle!
If BTC can reach 8700 by April 17th...it will be a beautiful head & shoulders :)
30% overall drop is possible. It poked above the channel, now it's time to retrace.
www.youtube.com Compare BTC chart with the video...I am starting to think yesterday might be the last time we see BTC below 7k.
I see a bull flag. Do you? daily log chart mid-term target is 0.065 if it reached 4.618 Fibonacci level like last time.
Assume the correction yesterday was wave 2 which stopped at .786 retracement level, now we are on wave 3. If we can take out 9560, we will shoot for 1.618 for wave 3 target at $10680.
This is a log chart for LTC rise and falls within an uptrend channel. Each time LTC will hit upper channel is when the Fibonacci projection is 4 - 4.618, then it will come back to test previous breakout level (green horizontal lines) where it meets lower channel.
What are you waiting for? Let the party begin - move your money from stock to cryptos already.
Similar to LTC, if BTC makes it back to the channel, we should see 3rd wave target around $16784.
Looks like we have completed Elliot Wave 2 at .786 level, now we are ready for the wave 3. Most likely wave 3 will hit .618 fib level around $346, then retrace for wave 4, wave 4 will be shallow since wave 2 was deep. Let's see if this will play out.
We need LTC to stay inside this triangle...
I am assuming we are done with wave 2 which is a perfect retracement to .618, now we are in the middle of wave 3.
Looks like BTC respect the uptrend channel on the log chart very well...patience will pay off.