I've updated my analysis by making minor changes such as removing irrelevant trend lines and highlighting more important aspects such as the overall Cup and Handle pattern and converting all previous supports(in green) to current resistance levels(in red). I've also labeled the effect of the corona virus as the Elliot Wave pattern and the Head and Shoulders pattern. Last week I predicted 7600.00, however after a short pause at that level, Bitcoin went on to plunge to 6000.00.
I believe that after a short correction by means of a return to one of the above resistance levels, Bitcoin will reach the 4800.00 level. If you think that this is a big request, don't act shocked when the markets rattle unexpectedly again.
Good luck and follow me for more!
Twitter: @AadielJordan
I believe that after a short correction by means of a return to one of the above resistance levels, Bitcoin will reach the 4800.00 level. If you think that this is a big request, don't act shocked when the markets rattle unexpectedly again.
Good luck and follow me for more!
Twitter: @AadielJordan
