Tag: investors-club

Again we are in front of a 50/50% pattern, the Symmetrical Triangular Pattern on which Highs are getting lower and Lows are getting Higher.

The options, as usual in this case, are sudden breakage of triangular pattern through one of the two trend-lines.

The most likely breakage used to occur in the same direction of the trend, since we are correcting from a previous higher point, I would expect a breakage downwards.

If this case is triggered, a fall to the 3300 USD may happen.

But, as I said, we have 50% chances as well on which the breakage may occur upwards. This option,

Why? well, basically because I think we are really attending a long 5-3-5 correction, on which the first 5 waves have been identified (Left blue ellipse) and the 3 middle waves are almost completed (Middle Green Ellipse).

To view it clearer we can have a look at the hourly chart:

Still one last sub-wave upwards is missing in order to complete the final “B” leg of the 5-3-5 (A-B-C) correction.

My expectations is that “B” will reach a slightly higher value than the level of the “A” magenta wave, so around 4000 USD… and still can happen because RSI indicator shows that BITCOIN

As anticipated yesterday, the Upper Breakage of the “Bull Flag” was something predictable and it was exactly what happened after publishing my post yesterday.

Since then, BITCOIN seems to maintain a non-artificial increase of price, which is perfect to fit in the planned path, which for me is the conclusion of the “B” leg of the 5-3-5 Zig-Zag Correction as I anticipated since more than a week ago…

The end of the “B” coincides in time with the so-called “Proof of Keys” event.

“January 3rd of 2019 marks the tenth anniversary of the first-ever block of Bitcoin mined – the so-called genesis