Can we already be seing an inverted head and shoulders patern in formation to wake up the BULL after 10k?
It also confirm in the week chart, as in the month one, that 7800$ should be an important mark that could result in the turn over of the market.
In the month chart BTC have 2 big resistance that will need to pass, a downtrend one and a fibonaci one, once its passes that the sun should rise again to the crypto world
Many people was expecting a bad close of the correction that could take BTC till 5k, BUT markets have this surprises, and things can actually be better than what someone was expecting, 6K, 0.236 fibo of week chart can actually be the final floor of the full correction of 2018, making IT the elliot wave 2 of the year chart. IN every chart, double botom is reached,...
In the week chart of IOTA, there is already a possebility that an inverted head and shoulders patern is in formation, final correction seems to be over, right shoulder formation should start to begin an uptrend moviment
IOTA ´s all time cicle seems already finish, ready to start the rise UP, correction seems to be over
BTC is testing the resistance at arround 6800, possibly finish the 5 and final elliot wave before start to make the correction that can go till arround 5k
There is a high probability that GOLD is making an inverted head and shoulders patern, should correct till 0.236 fibonaci making the head patern at 1000$ and than should design the right shoulder preparing to rise again and initiate the uptrend
Gold is doing right now the last final C elliot correction wave , test 0.5 fibonacci twice, should go down till arround 1000$ at 0.236 fibo retracement
WE should be witness the final fall of BTC in 2018, an inverted head and shoulders that should go till arround 5k to finish this first big cicle of BTC and after that, the uptrend journey will begin
ETH is about to finish its first cicle, can correct till 200/250 as its minimum
Is BTC going to test its 0.236 fibo suport at its all time chart, that was once a BIG resistance at 5K, building the head of an inverted head and shoulders patern, preparing the rise up in the end of 2018 and the BULL RUN in 2019?
Using fibonacci its predictable that the 5 and final wave of the year chart of bitcoin be arround 2022 and tops 65k, what do you think?
There is a high probability that bitcoin is making a head and shoulder patern in the day chart, that means next week should finish the right shoulder and test again the 6k to probabily finish the A/B/C correction of 2018. After that the uptrend should start