BTC appears to have reached a top and may have complete all 5 waves up since it launched. At the very least this wave up has completed and there will be a pull back to at least the 61k area. Although there are signs on longer term charts that this could eventual go all the way down to the 18K area.
Bitcoin bull run appears to be in play and is likely to start in September and be an up month vs everyones prediction of a down month..
BTC hopefully completes the week under 55k to complete the 20 day corrective wave before starting the bull run up. Also could complete the month under 55k if we are lucky to complete a monthly corrective wave, but the 2 week, weekly, and daily timeframes have completed their corrective waves so it is still possible we wont go under 55k and just go higher here. ...
Needs daily close above 62.5K then first fib extension target is 82K area. BTC has completed bear correction on daily renko thus BTC will likely not go under 55K until it makes a new ATH. BTC though likely stays in this regression channel for a few years to complete this wave 3 up. I believe that this next leg goes at least to 82k next fib extension to complete...
Should end corrective wave in august early sept and then start next wave up.
Daily renko corrective wave will end around 54k but could go as low as 50k. then will start bull leg up to 89-93k zone for another pullback.
SWtill on track july was not as far down or as fast as expected but August is making up for it. Although should start Wave 5 up in August. Target 1 88k, target 2 100, & target 3 133k.
File coin will likely start its wave 3 up July 2024. Target 1 fib ext .618 at $102 Target 2 fib ext 1.27 at $201 Target 3 fib ext 1.618 at $255
This is the first week in july likely ranges until end of month and close July just under 54k to complete wave 4 on weekly and monthly renko time frames. Then starts wave 5 up to at least 88k the .618 fib extension but can easily go to over 130k maybe even the 1.618 fib at 143k.
It appears to me that EU is completing leg four of wave one in a multi-year uptrend.
I believe EUR is just finishing wave 4 of the first leg of five on the bull move up. Wave five will complete in October 2017 with wave 2 corrective down likely finishing the year with the big wave three move going through most if not all 2018.
There is a 1 hr CCI support level at 1.17104 area price may bounce here. I will watch the 4hr RSI to see if it goes under 20 or bounces or goes through and then wait until RSI is back up over 20 to indicate this move is done. If it goes through this area with force I would think 1.164 would be the next area to eye followed by the weekly 23.8 Fib at...
I expect EU to retrace a bit more and then head to 1.204 area. Daily CCI and weekly 23.8 Fib area appear like a great resistance area. 4 Hr CCI spiked over -200 quickly from over 130 this indicates to me that the move is for the most part over and should not go to much further. Which puts the 23.8 fib and a daily CCI spike of over 200 as the perfect zone to...
EU will likely test the 50 fib at 1.17022 before resuming up trend
EU has not broken a key support level and Dxy can not seem to break back up past its new resistance level. I expect EU to hit 1.179 to 1.183 before retracing any further, as longs the key support and Dxy resistance holds at end of today.
Based on my analysis I think EURUSD will continue down overall until it reaches the 4 hour 200 Ma. I base this given the CCi, RSI, DMi levels as well as the cloud, and current channel.