BTC to challenge ATH, if successful $8078 - $8371 within 2 weeks

16 nov 2017

Just a quick development idea:

Ichimoku cloud again- 1day timeframe: Still within the bullish T-K crossover with a new N formation forming (A,B,C,D). Price is high above the Kijun-sen again, but still relatively close to the Tenken, so perhaps potential for a spike? No resistance on the Chikou and still a strong bullish cloud.

If the price fails the ATH we could see the Wycoff pattern (currently in phase B) and a swing to a bearish run.


Still learning TA and publishing for my historical records only.

16 nov 2017

Nota

A friend suggested the price could potentially drop to $6700-$6800 before climbing to the target.

16 nov 2017

Trade attivo

Close to target, much faster than expected. Still learning to try and estimate the time-frames.