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Pricetarget

Updated Bitcoin Price Targets ~ Is Santa Staying for New Years?Price Target #1(Link to Original Below): $952 Price Target #2: $958 Price Target #3: $962 The variability comes from various (subjective) nuances, not least the small pennant that formed Dec 27 (0-7am EST).. This target shouldn't reflect my bias, it is merely a use of the measure rule... Good Luck and Happy Trading P.S. If it isn't obvious, all purple lines = same, and all green lines = same The purple is 52ish The green is half that... ish
BITSTAMP:BTCUSDLong
by Kantardziski
BitCoin BTCUSD - Breakout over $800 -- Target $811 - PT LessonHere is a small display of how to measure a price target of a breakout after an initial flag or pennant forms... These short-term patterns often reflect the rally's halfway point and are great opportunities to test your price targeting ability. The rest is easy, measure the length of the pole portion ($11.23 is the dollar value of the move) and than measure and add the same value (in dollars, not % as it changes ever so slightly) to the breakout point of the flag or pennant you measured! If it hasn't broken out yet, just pick between 1/2 and 2/3 along the flag or pennant and go from there. Even that isn't necessary, it all depends on your level of OCD and anal retentiveness :p Happy Trading!
BITSTAMP:BTCUSDLong
by Kantardziski