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Title: [2016-10-03] Bitcoin Price Technical Analysis: Calm Before the Bull Stampede Post by: sirohige on October 03, 2016, 01:36:02 PM 5th Elliott Wave forecasting, based on Fibonacci numbers, could be calculated to the technical objective around the $820 area, where several theories point to the delayed next stage.
From there, a technical correction should send prices back to $700, giving stragglers a second chance to recalculate their strategies to join. After another lateral market like the current one, the next upward movement will go far beyond the $1200 zone for the end of 2016. http://bitcoinist.net/technical-analysis-bull-stampede/ |