Just a Bitcoin Wyckoff idea. Publishing to see if it plays out. #Bitcoin #BTC $BTC Learn about Wyckoff here: stockcharts.com
Crazy Bitcoin bull projection. Going off price history and parabolic history of Bitcoin breaking upper parabola channel resistance. $BTC The 1st parabola channel break occurred at ~$1500 on 5/4/17. In 21 days it reached top of parallel channel of equal height drawn above at ~$2800. The 2nd parabola channel break occurred at ~$9000 on 11/21/17. In 21 days, if...
I believe we are about to start the next leg of the bull run (in pink circle). Using fib extensions and $BTC history,final leg will take us to $8k in ~1 month. Expect a big pull back to ~$5k once we hit ~$7k. Then push to ~8K if not higher. #AltParty is about to start.
There is no predicting the top on this $BTC run but my TA says we consolidate after reaching 5400-5500, before next larger move up to ~$6k+. Chart patterns, Bull flags, Fibs, Elliott Waves.