Based on Elliot wave theory we should come down to 3k. We are overbought on the stochastic rsi, while simultaneously hitting resistance at the top of the descending broadening channel. We went from a penny to 20k in 4 years, a 2 millionx increase in price. We can afford to correct to 3k, which would still be a 300,000x increase in price in just 4 years. People...
symmetrical triangle, bullish bat on the 4 hour chart. btc to 100k in 2018
Just having some fun with the charts, but bitcoin could seriously see a rally to its ATH, correct back to 10k, Then go up to 32k, before correcting back to 10k again, and then going on a massive bull run to 1 million by Q4 2020. Alternatively, we come back to 1k-6k, and then up from there.
I think we go to 16k, tank to $4700, small bounce back to support at $6000, then continued correction to $1175, then another cycle back to 50k, by 2020
If bitcoin drops to 3k, we could see this play out
If Bitcoin goes to 1175, we could see this pattern form, that being said btc will probably reach 3k at its lowest, so I'll make another chart for that scenario, check out my page. Verge to 15 dollars by 2021
We might not see a 12345 correction to 1175, it may just be a acb correction to 3k, where it (in my opinion) will be too irresistible to investors for it not to reverse at that point. However if we cannot break the blue resistance, we will see a 12345 to $1175. 25k by year end.
With a cap of never going past 50 dollars(top green trend line) and a realistic prediction to 15 dollars by 2022(bottom green trend line), verge would would have to stay within the confines of this triangle. Now what will happen is uncertain. We don't know where cryptocurrency fundamentally will be at that point not just verge but the whole market, but assuming...