As long as volume says high, Bitcoin should follow the charted path in my opinion.
See chart...I believe we're in wave 5 overall. The current sub-wave is beginning wave 3.
Zooming in on the 15 min chart, We can see perfect sub-waves within the larger 5th wave.
Assuming Bitcoin doesn't correct any further, I believe ETH will follow this path. If Bitcoin does drop further, ETH will follow.
Wave 4 complete. Wave 5 in progress. We have multiple resistance points to break on the way up past $13K. We'll need an increase in volume to push through these resistance areas. If wave 5 fails, expect an ABC correction. Assuming volume increases, we have a target of around $13,500.
Currently we're in wave 4 (assuming my count is correct). I see strong resistance around $10K. I project Bitcoin -5.67% will drop to around $10,250-$10,000. From there it should bounce up nicely as charted. I welcome your comments and/or criticism.
I believe ZCL is beginning it's 5th wave as charted. We might see some small pull back, but the general, big picture trend is up...and should be for the next week due to the fork....Yes, I'm mixing TA with fundamentals. Normally, that's not recommended...but in this case, it's hard to ignore .
Bitcoin has been VERY difficult to predict these last 48 hours. I believe we're currently in wave 3, which is about to end. We'll then enter wave 4 as charted. From there we should see a nice wave 5 break through the $12K resistance. This is only my opinion. I welcome your thoughts and/or criticism.
The consolidation is taking longer than expected. Watch the volume...as soon as it starts to increase, expect a rise. The support line is strong at around 0.01525 satoshi's. I don't expect it to drop below that point. A breakout could come any time. Not sure if it will be today or tomorrow, but the chart is perfectly set up for another run.
Litecoin's chart looks extremely bullish. Great volume, perfect setup....I believe it's on it's way to $300 in the next 48 hours.
ETC looks like it may be ready for another run .
Things are looking good. We need to maintain at or above $10K for at least an hour before I'll be convinced we're in a bull market. Assuming this happens, this chart forecasts Bitcoin's path in my opinion.
This correction went much deeper than anticipated...but it's not unusual and is still very healthy. It's now bouncing between the 38.2% and 50% fib levels. It might drop again and retest these levels before making another impulse wave up as charted. It also might consolidate sideways for some time. I do not anticipate it dropping below the 50% fib level....
Bitcoin has finally broken the $9,500 critical resistance. It should continue past $10 on it's way to $11K, where it'll find more resistance. Long term...I'm VERY bullish.
ZCL is in a very healthy ABC correction. Once complete, expect another breakout.
ETC is in a VERY bullish pattern. Right now it's finishing an ABC correction after on hell of a run. Once the C wave is complete, I believe another 5 wave climb is going to follow with a $51 target. From there, I expect another correction, followed by another run. This is just my opinion of course...not financial advice. I welcome your thoughts, comments and criticism.