The Asians are finally coming out to play.
A sudden drop has raised my projection of Bitcoin.
bottom of pennant discovered and it's hard to draw with a mouse :p
Notes are on the chart. Please ask if anything is confusing. Movements are dependent on bitcoin hitting certain milestones - 12k (like now), 14k (in the next two - 4 weeks) and 17k in mid-late April. I'll be using this chart for any updates.
5% jump I called on my other charts when all you could see was red :). Better drawn for accuracy.
Update on previous fractal idea. Another inverse head and shoulders pattern has appeared, if completed, this one would take us to the green line.
Inverse head and shoulders formation in the works, with the right shoulder currently developing into a bull pennant. 30% increase expected in the next 2 days.
Overstock following bitcoin trajectory in terms of timing.
Please refer to notes provided in the post for XLM. Target - There's been a significant amount of price manipulation with XRP, with the powers that be pushing down its price artificially. Hard to get an exact estimate, but this is my best guess. Should it follow the solid green line, there might be a slight correction at the first target. My spidey sense tells...
Ethereum is looking weak when compared to the other cryptos. This is probably due to two main factors: problems of scale already experienced by the network (think crypto kitties) and a ridiculous breakout for its main competitor NEO (the first to recover from the crash). Cardano is also at Ethereum's heals, although a completed platform is still a far ways away....
Notes are on the chart. All coins are poised for a breakout should Bitcoin cross the 12k barrier. Some established coins though are showing the promise of ridiculous gains. Stellar is one of those, poised currently for the first leg of a 300% jump. The first leg lands us at the lightning bolt, with the white Fibonacci line crossing with the bold green line up,...
Going up (almost fully completed formations) 1st green line = 1st inverse head and shoulders completion 2nd green line = 2nd formation 3rd = Whoohoo 14k Going down (only half completed formations) 1st = completion of head of head and shoulders, retest would bring to completion 2nd = completion of head, retest... 3rd = pack it up, we're going down to 6k
Bullish Gartlney Pattern. Expecting movement up to at least the top of peak A.