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BTC - Can we see $6600 before 2017 ends?
After the March 2017 downtrend
We see the BTC price rise and going as high as 4.236 fib.
If the current market follows similar pattern.
We can see the following targets
1st target = 1.618 = $3650
Final Target = 4.236 = $6600
Bullish signals
1. Breakout from All time high
2. TK cross over above the cloud in Ichimoku
3. RSI signalling Bull trend and still not in overbought region
4. Formation of D leg in ABCD pattern
Fundamental = Bullish
BTC segwit lockin on 8th August.
BTC segwit activation 2 weeks later on.
I expect BTC to remain bullish until late october when the 2nd half of NYA agreement comes into play.
We see the BTC price rise and going as high as 4.236 fib.
If the current market follows similar pattern.
We can see the following targets
1st target = 1.618 = $3650
Final Target = 4.236 = $6600
Bullish signals
1. Breakout from All time high
2. TK cross over above the cloud in Ichimoku
3. RSI signalling Bull trend and still not in overbought region
4. Formation of D leg in ABCD pattern
Fundamental = Bullish
BTC segwit lockin on 8th August.
BTC segwit activation 2 weeks later on.
I expect BTC to remain bullish until late october when the 2nd half of NYA agreement comes into play.
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