Dear friends, a lot of Elliot Chartists are pointing out that the final ABC correction wave's C leg requires BTC to land around $7800 area.
The chart on the left is BTC hourly price action after the November 2017 ATH (4100) before the December 2017 new ATH. The chart on the right is the BTC daily price action now. Notice the confluence of the oscillator movement as well as the symetrical triangle price movement pattern.
6th of June is selected as the turning point, because of the fact that since December 2017, every 6th of the month, the pattern changed ( 6 Dec 2017 => sideways until 6 Jan => fall until 6 Feb => rise until 6 March => fall until 6 April => rise until 6 May => *potential* fall until 6 June.
Let's see how the price action plays out in the coming days.
The chart on the left is BTC hourly price action after the November 2017 ATH (4100) before the December 2017 new ATH. The chart on the right is the BTC daily price action now. Notice the confluence of the oscillator movement as well as the symetrical triangle price movement pattern.
6th of June is selected as the turning point, because of the fact that since December 2017, every 6th of the month, the pattern changed ( 6 Dec 2017 => sideways until 6 Jan => fall until 6 Feb => rise until 6 March => fall until 6 April => rise until 6 May => *potential* fall until 6 June.
Let's see how the price action plays out in the coming days.