cybernetwork

BTC: TA and speculative price movement in August 2019.

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BITSTAMP:BTCUSD   Bitcoin
All Momentum (Blue), Acceleration (Lime), and Jerk (Red) are all positive in the MAJESTIC (MAJ) oscillator. However, it looks like it will be making a turn-around in the short turn, to retrace the gains made, and retest the 10k level, before completing a final "W" pattern and then breaking out upwards from the descending channel, marking the end-point of the first massive flag into another.
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This was my previous earlier analysis on 2nd Aug: Target at 16862 USD/BTC next?
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Also, an earlier chart with similar price target (somehow the fib I've drawn dissapeared):
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Above two charts were from 24th and 18th July 2019
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