Do not give much importance to the lines, which are geometric points of reference to better position me in the BTC's behavior. The resistances are then specified, transformed into supports. (For ex. R1, S1) I also marked with a yellow dotted line, in my opinion the strongest level (R3 / S3 USD 16,500, -) After the ATH, he made the famous correction S2 (-40%) Although it caused a lot of discomfort in the traders and the crypto world (except for the bears or those who needed an entrance/call) according to my humble opinion was totally necessary and healthy.
Now,
With the abbreviations PB1, PB2 and PB3 I marked the possible retracements and pullbacks before undertaking the bullrun towards the 20 / 21k target. These retracements are almost impossible to be linear but will make corrective waves along the way.
Although in the previous charts I have been successful in the forecasts, nothing is more complex than making one 100% effective with the BTC and less in these times.
We will see how it resolves.
How always thanks for the likes, followers and messages of everybody.
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Zoom in the image to see it more clearly
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UPDATE 08/01/2018
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The BTC will consolidate in the 11 / 13k range and then take its bullrun to the target.
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Hi, cryptobrothers! Follow me in my steemitblog, charts, signals, and much more! Thanks!! steemit.com/@thomasawa
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Follow me in my steemitblog, charts, signals, and much more! Thanks!! steemit.com/@thomasawa
Just Amazing! Absolutely Beautiful!!! Can I learn from you Master?
bit9
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Seems like a proven TA on point!
PB1, PB2 and PB3 should have slightly different starting points angles if they're in different positions and time but most likely have the same goal/target (25k)... or i'm missing something?
Thanks for the TA and hope you're right ... 8.5k is healthy ;)