Possible exhaustion. If the inverted shs (see last ideas) gets disconfirmed, price should fall.
I think, the line between the two upper quartils might guide the price during the next months. That would implicate a price for dashusd over 400 till september and about 2000 until the end of this year.
Perfect conditions for a possible impulsive wave 3' to start soon: 1/3= 50%; 3/5= 38% 2'/1'= 62% 2' just went into the price range of the preceding minor 4. Strong resistance line is touched. RSI ok, chart pattern ok, down movement running out of fuel. If 3'/1' is 260%, which is likely regarding the energy of wave 1', the price target of wave 3' is indicated and...
After a breakthrough of the pitchfork middle line a rapid ascent might be expected up to 6000 $ and beyond. Afterwards a corrective wave 4 should bring prices down to about 4000$, before the fifth wave begins.
The fight at the border between the two lower quartils might very soon be won. Afterwards a quick approach to the middle line and likely a rapid breakthrough might be seen. New highs till the end of this month. Nice fib relations for the impuls and correction since march.
My last analysis was based on to little information since the time frame was to short - chart data of course exists only since 7.7. Therefore it is advisable to wait a bit more to see a clearer picture. Anyway it is clear that the pattern was impulsive from Juli 21 to August 12 (three waves, fib relations ok) and corrective since then. This correction might end...
If the shs pattern is triggered (which it is not until now), expect a rapid move to 500$
To complement the pitchfork analysis from yesterday: Like the pitchfork lines, the fib channel lines are significant according to price behaviour during the uptrend. Now there should be a rather rapid move to about 310 $, afterwards the next resistance line is at about 800 $ (depending on the duration of the move, which could be short). An 800 $ target is...
I already posted this analysis on August 5th. Obviously we retested the trendline successfully and now a rapid approach to the mittle line is to be expected (which would imply a probable price of up to 1000 USD during the first half of september). It is a very interesting moment for a lot of altcoins. Perhaps some of the money inflow into btc could be redirected now.
The new trend channel may indicate a ten-fold increase in price during the next month until 08-11-2017.
If price development keeps on following the middle line, expect +/- 1000 USD at the end of the year. Note how often the price touched both the top and down boundaries. If we enter 3 of 3 now, the price might follow the steeper line and even end up around 2000 USD at the end of the year. But if the price cannot break the small downtrendline (next to small "1"),...
After a small dip (c of 4, target below 0,007) we should enter wave 5. The target of wave 5 is the upper boundary of the pitch fork channel. TenX pay is a interesting coin.
eth usd has retraced 62% + of the impulsive move since last winter. Now we are entering 5. Price is now on the threshold and likely to overcome the lower resistance line of the pitchfork (see picture). Afterwards the coast is clear to about 800 $. Then the middle line of the pitchfork will take some time and ups and downs to be be left behind. End of 5 is to be...
The small 4 is unfolding as a triangle over the next days/weeks. If 5/3 = 3/1 expect the following small 5 to end around 6500 $. This small 5 will end the bigger 3; a 38% correction of the move from 200 $ (bigger 2) to 6500 $ (bigger 3) aims to 4000 $ (bigger 4). After this the bigger 5 should unfold, for which a limit is difficult to foresee. After that there...
This chart might say more about the inherent value of the USD than about the inherent value of bitcoin.