Still speculative Mobthly bull flag has 126k targetOk so at this moment this thing is still speculative even though it is indeed a valid bullflag in its current form…,if it doesn’t break up out of the bull flag on the next retest of the top trendline then odds are pretty good the flag will then start to grow too long get nullified as a flag. It would still be valid as a rising channel though. Anyways, let’s say we do break upward from the flag the next tIme we retest it’s top trendline. I arbitrarily placed the dotted measured move line where I think the next top trendline retest will be at, and at least from that area btc would have a breakout target of 126k. At the moment, this is a valid Chart pattern. The good news is we will know by next top trend line retestif it is or is not a bullflag. For now its valid but also “speculative”. *not financial advice*
1month
BTC/USD - 1M - Potential cycle top scenario Duplicated a single blue curve trend line a few times on the monthly, to create this messy chart!
'BTC Log Growth Curve' indicator top (red band), meets my blue curve tops/collisions. This can also be seen during previous market tops on this same chart (assuming the blue curves are legit).
BTC cycle top looking to be around $152K. Blimey.
Bull flag.
White channel (flag) measured move already played out.
Yellow pole's measured move taps the $97K area.
Red box showing best case sell zone.
Green box showing worst case retrace zone, which also taps the 21EMA.
December still looking like go-time.
ETC/BTC Charting Comp. 12/1/2017Ethereum Classic is consistently in the mid Top-10 in volume but is ranked 11th in price. I believe that an increase in price is justified.
If this analysis is correct, ETC is setting up for its next big run in a 5 wave count. We should be able to expect ~100% gains over the next month.
2 Month forecastKeep your eye on this chart for next month. As soon as we hit that 2 wave, expect another month of 300% potential. 30m traders start your engines! As soon as we hit the 3 wave this coin will cool off because our wave 2 is abrupt so our wave 4 will extend over time. History will repeat itself on the 5 wave.
This is my magnum opus of publications so enjoy the ride with me :)