Many similarities in BTC price action and RSI to march 2017
If it were to happen, we should see BTC at $900000 area by mid november.
Dont think its gonna play out EXACTLY the same, but even half of this move would be amazing.
-4h hidden bullish divergence on RSI
-resistance turned into support
-(elliot waves only as confluence)
-2.8 risk/reward
!wait for candle close breaking above bullish peanut to confirm entry!
Falling wedge on last post was a little wrong but did not fail!
if works out well, would complete an Inverse Head-n-Shoulders pattern, which would take us even higher
Always remember that if BTC falls may take the altcoins down as well
If BTC really does break resistance, it will not be hard to find coins to jump in and make profit, but till there, let's use what we got
Zooming out, u can see BCH already broke out of a resistance that started last December's higher high, wich is already reason to believe its gonna start to trend up now
Stoch pointing up, and some suport at RSI
Besides that,...
FCT broke out of major resistance, consolidated a bit ( bollinger bands are tight ), and Ichimoku clouds are bullish as well
easy 15-20% profit till mid october if goes as planned
as long as BTC doesn't correct to much again, we should go up during the next 2-3 months
For long term you can trace Fibonacci to look for exits or just pay atention to resistance...
Just like DOGE, BCN is starting to make very similar cyclic moves, and we just broke out of the resistance, so i expect it to repeat itself this month
you can trace Fibonacci to look for exits, dont try to guess the top, place multiple orders
BTC is gonna make a tough decision soon, so if it goes down, this TA is probably not gonna work
