Quote from: AUruHM on December 29, 2019, 05:29:37 PM

Quote from: Mark_R on December 27, 2019, 12:56:55 PM

The New Year is coming, as well as long-term projection.

It's getting more interesting here, as inside the downwards channel formed the golden cross (view the previous post) is formed that is a bullish sign. Along with this, the head and shoulders pattern is being formed since the beginning of the month. Currently, we are at the bottom of the second (right) shoulder.

Thus, the next movement is likely to be an upwards tendency with significant levels of $7600, $7800, $8150 and above.

2020 formula is:
Golden cross + halving + head and shoulders = bullish trend

So, Happy new year guys!

Sorry, why the right shoulder state is so high? I was sure that usually, H&S is symmetrical figure, isn't it? And in this case, our goal is near $7850-8000. What wrong in my mind? Wink

What if we see dreams not reality? I'll be glad to get BTC price up to $9000-9500, but Santa don't want

Yeah, it is. According to H&S, the level for the price is lower indeed. However, I'm talking about 2020 that is a rather long term