Bitcoin: Will Bitcoin make it's way back in the channel?
If you look at Bitcoin's whole life structure, it's shown a nice five wave Elliot wave structure, where we're currently on Wave 4, a corrective wave that generally does not last that long, nor is the correction that steep. It may look like Bitcoin had a steep correction, but when you look at the big picture, it's relatively small, and short. To me, it looks...
When we zoom up a little, we find that Bitcoin has been in a falling wedge, which is bullish. Perhaps it will play out something like the above. RSI is falling on the daily. Overall I'd say Bitcoin just has a few more upward and downward movements in the wedge before it take's off.
VeChain (VET) Looks like (Vet) is on it's third impluse wave.
It's easy to lose sight of the forest when focusing on the tree's. Back in Febuary 2018, I draw a very similar chart. Coins return to their average. I think the rest of this year will be a correction, as it's been for the last 8 months. Then next year we will see a Major Bull run.
Bitcoin: The Much CLEARER picture. I made a chart recently, but did't take into account more of Bitcoin's History. This chart is pretty revealing and it's what we could potentially see Bitcoin at, and sooner than later.
Digibyte looks to be doing 1 of 2 things. It either breaks the neckline and finishes the "W" Pattern. Or it comes down for a triple bottom and takes off from there. Time will tell.
Bitcoin is showing signs of reversal, it doesn't look as bullish as it could be, but wiil take anything.
Bitcoin - Fattest Inverse H & S you've ever seen Target: $1,000,000
Verge as shown explosive growth the last two runs. The first growth was 300x, the Second 38X, this third one has the potential for a growth of 125x or more.
Verge Prediction - Short Term
Verge Prediction - Short Term
Digibyte - Short Term A pretty clear H & S is forming, just like it did before it took off to $0.15. Patterns repeat themselves, and so do mistakes when the same people don't learn from them.
A few possibilites for MCO. Proceed with caution. Invest at you own risk.