Looks like the Elliott Corrective Wave (ABC) perfectly played after the Elliott Wave (12345).
The gartley that formed also comforts the idea for a next leg up with a target (Gartley pattern + corrective way) of approximatively 61K.
Notice the small bullish divergence on MACD and RSI as well.
It would form another (bearish) Gartley from there. To be continued...
Long story short:
If 48.8k doesn't hold and if bearish pennant resistance is broken, then target is the lenght of the pole > 36K
BTC follows exctly the same price action as in 2013.
I won't look to short, I'd wait for the bounce and look for a nice entry point for a legendary trade.
Watch my "bigger picture" video linked.
I'm monitoring the range between 50k and 48k. Breaking down 48k would lead to 44K.
Also a nice W might be forming which has a target of 54K.
Nice bullish divergence on MACD and RSI as well both on 4H and 1H
Selloff is over now WINk seems to be back on tracks.
After a nice double bottom, got rejected at 0.236 Fibo Extension level.
I draw major resistances in yellow lines. As long as price stays above first one (0.0017) it's in a very good way toward new summits.
Final target in mid term: 0.00322
Nice breakout of the W pattern on 1H chart after the M which has perfectly played.
T1 is around resistance zone circa 57.2 <-> 57.7
T2 is the diagonal resistance of the triangle
Breaking the triangle resistance would be very juicy and lead to 67k
KAI exceeding my predictions much faster than predicted.
After 0.14 weak hands selloff, next target is 3.618 fibo level at 0.9 !
This ALTCOIN is mooning and has a brilliant future based on solid fundamentals.
Nice bullish flag / pennant formed.
Breaking and confirming breakout, there is no resistance beyond towards a new ATH.
Resistance lvl between 7.15 and 7 rectangle (potential bounce on it before breakout).