BTS/USD A decent target

If we can maintain this fractal of growth of 1 magnitude per 2 major market waves, we can forecast up to 10USD for the next high. Hard to know when this bear market will end though, so the date of 4 and 5 is a guesstimate here. It could be a short or long bear market, but I tried to match the angle for waves 3 and 4 with 1 and 2, which seems to work out decently. It's also possible that if the BTS platform becomes more mainstream and does well, we can see even more amplitude in this this next growth cycle, so we could see more than one magnitude of growth for the next high wave (odd wave), maybe 10-100 USD in that circumstance. Another reason for extra magnitudes of growth from a speculation standpoint is that BTS is now on a lot of Chinese exchanges (props if you trade there).

Good luck, have fun <3

Kommentera:

If we use a negative impulse to determine the support structure, it looks like this bear market is forming a nice H&S pattern, whereas last bear market it was simply more sedated:

I think we might slide a little lower but it's a good buy opportunity IMHO.