Measured target up to 1.618 fib, which also coincides with the lower 0.75 fan line for this current bull trend. Best of luck to all.
Perfect inverse head and shoulders here with price on the bull side of the 1.0 fib trend line and 50/100/200 SMA/EMA.
Bitcoin has recently headed up into major resistance (0.618 Fibonacci resistance line, 0.382 Fibonacci speed resistance trend line and the inside bottom pitchfork line) in addition to an evident loss of momentum (culminating in the most recent bearish divergence) on the Relative Strength Index 14 that has resulted in a trend reversal with a pending bearish kumo...
At the beginning of this Fibonacci trend bulls got a little too excited but price has now picked up on a major trend line and the time is nigh.
The most recent downtrend channel has been broken through, accumulation is almost over.
The uptrend holding the price up at this level has been broken through and the price is going up on the last test of support turned to res on the 0.236 fib line, soon to be rejected and squeezed down through cloud support, and once broken through IMO its a short bumpy ride to ~3500 (2.618 fib support)
Eth just recently broke the downtrend line from the run up to ~0.034 and is being rejected down off of that to retest uptrend supports, which may not be enough to send it to the ether, but if any of you have looked at a BTC/CNY chart lately, BTC will be biting the dust pretty hard here soon with a retrace IMO to ~3500 CNY/BTC (chart coming later) and if anybody...