Fractal analysis shows Bitcoin to reach $100k+ in 2017
In recent days the price has moved above the 30 week (200d) EMA for the first time since the bear market began. That is, it's now above $270.
As long as price stays above $270 and breaks above $300 (local high) the red scenario is dominant. That means, in Elliot wave theory, wave 3 has started.
latest analysis:
https://www.tradingview.com/chart/BTCUSD/xFTcQdIU-The-3-Fractal-Scenarios-Update-Scenario-A/
previous analysis:
https://www.tradingview.com/chart/BTCUSD/lJH6JxRB-The-Three-Fractal-Scenarios/
https://bitcointalk.org/index.php?topic=1052507.0
In recent days the price has moved above the 30 week (200d) EMA for the first time since the bear market began. That is, it's now above $270.
As long as price stays above $270 and breaks above $300 (local high) the red scenario is dominant. That means, in Elliot wave theory, wave 3 has started.
latest analysis:
https://www.tradingview.com/chart/BTCUSD/xFTcQdIU-The-3-Fractal-Scenarios-Update-Scenario-A/
previous analysis:
https://www.tradingview.com/chart/BTCUSD/lJH6JxRB-The-Three-Fractal-Scenarios/
https://bitcointalk.org/index.php?topic=1052507.0