Saw this on a youtube video and wanted to track it...seems too easy, but every bull run BTC has made, if you fibonacci it from high to low, look at the 4.236 extension, that becomes the next base value for it. So even though we currently at around 50k, the base value after this bull run, based on what BTC has done in the past, it should base out around 70k. After...
Couldn't ask for more from a TA perspective...
I see a measured move to the upside being around $730, my guess is that this will happen by Dec 18 or Dec 21 as 70-90 billion worth of shares need to be bought by then.
Butterfly pattern in play. No matter how you draw the downtrend from resistance at 502, 461, etc...we have broken that with the breakout today, as long as it holds 428ish.
We broke above resistance this morning, came back to test it during the final hour of trading, and then bounced off it. Will it hold tomorrow? If it does, the measured move up from this pattern is $588.
I just saw this, found it interesting and thought I'd pass along... Just about, since the end of June, if you look at the volume for the day, if it's dips below 71 million, the next day, it rises above it, along with normally a decent gain on the share price as well. Today's vol was lower than avg at 66 million. From what I see, this theory seems most solid when...
If this analysis plays out, I see the target price of at least 588 in the next month or two. As of writing this, we just held the bottom support that now has 3 touches to it. Each bounce off of it having a good bounce. This all goes out the window if we break that support to the downside and close an hourly candle below it.