Here's my analysis on this little sleeper:
Looking at the charts I see a beautiful cup and handle has formed and is nearing completion.
The handle, which is also a descending triangle with a near perfect ABCDE correction touch, is almost near the final bottom touch (E). This is also the correction phase 2 of Elliot's 1-2-3-4-5 waves.
Combining Fib retracement with Elliot's waves and time/price/pattern brings us to the top of wave #3 near July.
For those of you who hate to do the BTC to USD conversion in your heads as I do, this price will be at about sixty (60) cents. At this point, we should see another correction, maybe down to forty (40) cents or so, and then a final pop before the year end up to eighty (80) cents.
I, personally, will be taking 50%+ off the top at around sixty (60) cents.
This is a higher risk trade friends, but I like what the charts are telling me here.
Good luck and happy trading!
Stewdamus Trades -
Prophesying the price action of markets one chart at a time.
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Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
Never miss a prophecy. Sign up for my free newsletter at:
stewdam.us