Calculated target: wave 3 = 1.618 of wave 1 It's time to go down.
bitcoin target zone: $55.000 Wave (I): $63 - $1163 (+1746%). Wave (I) = Wave (V)
Wave 5 has started. Bitcoin target zone 4545 -5575. I will keep you informed!
Bullish pattern 12345 is evolving. First target is $ 4833
Short position closed at $3673. Opened at $3770. Profit +2,57%
I go short at $3770 BTC started making a 12345 downtrend. A breakthrough of the green descending line makes the scenario invalid.
Bitcoin is back in business. Wave 3 has started. Our target is the blue box. The descending line could give a bit resistance.
Bitcoin need to breakthrough the 50% fibonacci retracement (50% of wave 3), because of keeping the long term trend. Alternative (positive) scenario:
It's look like that Litecoin is finishing the zigzag correction. The price of Litecoin hits the fibonacci target (123,6%). For buyers: stay away till further confirmation. we’ll keep you informed.
A new update for Bitcoin let's see that the correction is still not over. Monday i wrote 2 possible scenarios. It's look like that 'version B' will be the right version. For buyers: stay away till further confirmation.
Just one leg down to go. NEM will finish the correction within a couple of days. For buyers; wait for confirmation after break through of the descending resistance line.
Yesterday I wrote this analysis: Ethereum broke through the descending support line. It became a positive break-out! The new uptrend has started today. Ether will probably retest the descending line to form a "2".
Just like BTC a descending triangle too. Will it be a positive or negative break-out?
OMGBTC is growing up so fast (+3000%). Price is moving central in a bullish channel. 20 days moving average support line is 'the' crucial line!