Bitcoin Could Reach 30k by 2019The Bitcoin accumulation process taking place since February 2018. Since then price has been forming a falling wedge pattern, which seems to have come to an end.
The new Fibonacci cycle has just started, prior to which price broke above the downtrend trendline, indicating on the BTC uptrend validity. But still, the 6k plays an important role in the further price development and if BTC stays above that level, price is likely to start moving higher.
According to the next Fibonacci Time Zone indicator the next cycle will start in January 2019. Potentially, this could be the time when Bitcoin will reach the new all-time high.
The resistance is seen at 161.8% Fibonacci retracement level, which is near the 30k level. But price could go even higher, reaching 35k before the end of January 2019.
30K
ETCBTC blue-chip crypto which has some good growth potentialI marked with blue arrows double bottom which was quite a significant level to enter the market. Around 30k there is strong support/ressistance area which is playing important role on the chat. This level was breached today and open possibility to go up to 50k in near future. Pair is finally trading above 200ema which is also suggesting bullish trend.
I think that it is very possible for this pair to go up to 89 and beyond even close to 100k.
DJI 30 30KI have been waiting for this for such a long time. Finally we made a breath down so we can hop again. DJI world market stocks correction. -10% value. 100MA support. 38.2%FIB trump Rally. RSI oversold with signs for a correction. 78.6% FIB last leg of the move. Fundamentally everything looks perfect. Go for the 30K. 3 positions sizes with good RRR. Good Luck
Is ARK future google of Cryptoccurency ? Update #1I would like point out few important things I found on the chart.
We witnessed 3 major waves (not Elliot's) during the past year. Every wave finished with nice spike yellow circles.
Every wave correction finished before or very close to Fibonacci level 14.6%.
Every time it get close to this level double or even tripe bottom was formed which I marked with blue scarabs
There is saying three times charm, but be aware that 5 is a magical number as well.
...to me 3000 is a very solid support...
…If my idea is correct we can expect target around 30k as I mentioned in my previous one. Link below
There is probably a lot more on this chart like for example look how the retracements are double in value in every wave so far. First U have 8200 then double close to the 16000 another one 32000.
...Yes these values are stretched a little bit to match the double ratio like in most cases in technical analysis. I'm trying to point out that this pair actually is moving in harmonic fashion and spikes and bottoms are not random like in the other pairs