Targets for the end of the year. You can see lines and channels about my last idea (which was denied, I was expecting a sell-off at $680, and since it didn't happen, the long-term symmetry idea is still valid).
2017 will be a boring sidewayish year. Enjoy!
Note
Whoops, 1 month missing in the chart lol, christmas is on December :). Still, once we reach $850-900, slow distribution to the $1000 believers followed by controlled retrace to low 700's.
Note
Crucial moment here: we're back at support, 4650 has been strongly rejected again. I expect more sideways here before a big move, either up (first target $800) or down (targets $650-620-580)
Note
Monthly close will tell if this scenario is still valid. $680 is the key point here, if it loses $680 with volume and doesn't rebound immediately, refer to the "BTC is gonna pull a DanV scenario" for targets.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.