BTCUSD 8h: Let's ride the next wave. bubble bursts end of 2017.

Many believes that BTC still falls to 1,800 USD or 900 USD. In my opinion the consolidation is finished. I see a falling wedge pattern. Let's look at BTC and the upcoming changes. it could now starting the next wave. 0 to I-1 to II-2 (the first wave) we have left behind us. The next wave (III-3) wakes up. 3,500 or 3,600 USD are possible. At the end of the year we could see the top at V-5 (4,500 USD). For 2018 I expect a longer-term downtrend. In my opinion not yet. All other cryptos will follow.

Let's see what happens. Happy trading. :-)

To compare:

1. Analysis - June 5

2. Analysis (Update) - June 18

3. Analysis - July 14

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See also:

Commentaire:

do not forget this chart. top of wave III in sight. ...

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we are going to reach top of wave III. be watchfull.