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BTC Can Reach 15k and possibly a new ATH higher than 26k in 2018

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Here is my view using Weekly Chart Analysis based on Fibonacci extension along time and price. Have a look for detailed comments on the chart.

A solid point to remember now is that we never fully re-traced early Feb 2018 low i.e. 6000. So, Elliott wave is still valid.

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A possible bullish sketch on WEEKLY Chart - Perhaps we are seeing 9k for the last time this year.

This is an example based on Fibonacci Levels & Channels.

The importance of Elliott wave will be confirmed when the Weekly channel up will breakout 11.7k resistance level.

If confirmed, we will see a new high possibly as wave # 3 (above 161.8%). The ultimate corrective wave-4 shall not negate & become lower than 11.7k. If happens later this year, we will see another ATH above 361%.


Note: This analysis assumes that we are not going to follow the 2014-15 historical trend. It is a one-sided view for the time being since all of us know very well what happened in 2014-15 may not repeat since we have dozens of ways to continue trading and dozens of new and better platforms. People are more aware & investors or infrastructure around is stronger. All this yields an exponential growth due to increase in demand.
Nota
This is the time to buy post 78.6% to 88.6% retracement levels (7200 - 6880).

Penafian

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