BTC Bullish Fractal !!
Below chart depicts the first Head and Shoulders bullish pattern that brought us to current prices. It was executed with beauty! Now look at the LS, RS and H labels on recent prices....it's a fractal of prior H&S pattern. That means once price pierces upwards around $2,900 then it will get more exciting.
The minimum price trajectory is estimated by calculating the difference from lowest price point of H to the neck line and in this case it's about $430. Thus, $2,900 + $430 = $3,330....very close to my prior $3,400 projection. Bear in mind that this is the minimum move and these patterns often well exceed the minimum. Case in point, take a look at the prior H&S which met the minimum and exceeded it a bit. Let's see how all this plays out.
PS: I hope you all enjoyed getting your Bitcoin Cash coins! As posted in prior blog, I sold mine at $621!
If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTC Wallet - 19gHMJc9wi9KkP47wokz8y4cFNgz1kAAUE
ETH Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
LTC Wallet - LU1mEw1LHvffoWf9VDEVdP7Day4jv6VLqu
EOS Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
Legal Mumbo Jumbo: This is only my opinion, make of it what you wish.
Love it! @haejin
Will be following you for further analysis. I hope you're right!
Thanks for reading and following....more to come!
This would be nice. Hope to see more analysis from you.
Plenty more to come! I post several times a day!
Yep BCH to crash to $100 and BTC to keep going up steady.
More blockfolio addiction for me! https://steemit.com/cryptocurrency/@cryptocoinclub/confessions-of-a-blockfolio-addict