Late C&H formation report - Target $16,000 by Dec 8th 2018

I don't think I posted this C&H formation in public yet, just one of my sketches in trying to predict where we are going. So far, this one looks right on, so we could hit $16,000 within a couple more days, with $16000 the approximate top which would complete the rally after the C&H formation.

Trade chiuso: obiettivo raggiunto:

On time, as expected, but may climb much higher. Alt coins have taken a hit today, which is understandable as Bitcoin continues to rise, so the FOMO focus is on Bitcoin.
Once Bitcoin levels off or begins a consolidation period, I believe we'll see the alt coins take off again as traders move funds from Bitcoin over to alts to ride those rallies for additional gains.