I drew this chart yesterday and saved it but didn't publish it. I was curious as to what would happen. As of right now it looks like we are on a steady wave going up. There is another ABC corrective wave pattern playing out right now in the 4th wave. Concurrently I could have drawn more smaller waves, but that distracts from the overall moves we are seeing right now.
There is a possibility to go all the way up to 560 since waves 2 and 4 love to bounce of Fib levels, yet that does not always happen. A bounce off 500 seems quite likely if the fundamentals hold. Else watch out for breaking the low of wave 1. If this happens all waves are no longer valid.
I am seeing some bullish divergence going on right now on RSI. This signals to me that bull moves become that much more likely. RMI just entered positive 80+ territory so good news for a final push up.
Same exact chart that I made yesterday; timestamped for proof. i.imgur.com/uEpUA4I.jpg
Targets:
Bull: Anywhere from 500 all the way up to 560.
Bear: You decide. Lol... but maybe 400
Time:
Anywhere from 10-15 days unless China is able to move the market
60%
Blog with more if interested: www.allbitcointa.cu....g-bitcoin-waves.html
There is a possibility to go all the way up to 560 since waves 2 and 4 love to bounce of Fib levels, yet that does not always happen. A bounce off 500 seems quite likely if the fundamentals hold. Else watch out for breaking the low of wave 1. If this happens all waves are no longer valid.
I am seeing some bullish divergence going on right now on RSI. This signals to me that bull moves become that much more likely. RMI just entered positive 80+ territory so good news for a final push up.
Same exact chart that I made yesterday; timestamped for proof. i.imgur.com/uEpUA4I.jpg
Targets:
Bull: Anywhere from 500 all the way up to 560.
Bear: You decide. Lol... but maybe 400
Time:
Anywhere from 10-15 days unless China is able to move the market
60%
Blog with more if interested: www.allbitcointa.cu....g-bitcoin-waves.html
