BITSTAMP:BTCUSD is now in its consolidation phase making a symmetrical triangle bullish pattern. Taking its previous falling wedge pattern and double bottom, the potential upside target will be in the Fibonacci extension area at 127.2 and 161.8. This aligning with Trump's objectives to be the "first bitcoin president" where he promised that cryptocurrency would...
Based on Elliot Wave analysis, SAXO:XAUUSD Gold is currently in 4th wave of the trend where it has potential to continue moving up to its 5th wave completing it's wave. By using the Fibonacci ratio to measure the upside, it indicates that Gold will probably hit 2858 and 2946 in the future. Taking 3000 as its psychological resistance.
Pattern analysis...
From the chart right now as we can analyze through the pattern, BTC is potentially making a Wyckoff accumulation pattern. It has now entered phase B where we are looking for consolidation before it begins entering phase C and D where we are expecting a push up to resistance level before it continue its bullish momentum.
DISCLAIMER ON!!! This is just my two cents...
