The longest downtrend seems to be turning upwards, slowly forming a cup inside another cup will be managed to hit over $20k in the second part of May 2018, going up to $45k - $50k with significant correction down back to $23k.
In July 2018 news will massively 'bury' the bitcoin 1.36% once again, after what it goes up significantly making up to x5 from the lowest price which would turn up to $85k - $100k in the second part of August or in September.
In July 2018 news will massively 'bury' the bitcoin 1.36% once again, after what it goes up significantly making up to x5 from the lowest price which would turn up to $85k - $100k in the second part of August or in September.
Comment:
Pay attention that all strong corrections are done in the area of fibonacci number.
The previous four went down to around $1k, $2k, $3k, $5k and the current went down to $8k.
The next two strong corrections will be in the area of $13k and $21k, as seen on the chart.
Coincidence? I don't think so.
The previous four went down to around $1k, $2k, $3k, $5k and the current went down to $8k.
The next two strong corrections will be in the area of $13k and $21k, as seen on the chart.
Coincidence? I don't think so.
1st wave - top of the second cup;
2nd wave - bottom of the second cup's handle;
3-4-5 waves are as shown with arrows and bubbles.
If you count backwards, there's clear 1-2-3-4-5 - A-B-C waves starting from 15 aug 2015.