Though i usually don’t do this i will draw a possible long term BTC prediction, for this i used a Binance chart. It will be no surprise that it will represent an Elliott wave wich you ca also see that i drew pretty far up but if our impulse will only reach till the 3rd wave we can still make a pretty nice profit. But before we can actually use this prediction so to say we will have to wait to see if our 3rd wave will activate after reaching 19798$.
https://www.tradingview.com/x/AsG7RVHA/
ETH is drewn with blue, we can say that yesterday’s decrease wasn’t such a bad thing sice this way it helped the ABC’s correction wave’s formation and it also helped to a perfect ending.
We can see an increasing wave but unfortunatly we can not see it’s correction yet so it might not be very safe. But if i take the current peak as a base, then at about at 1100$ we can expect a correction turn.
And we have this huge Elliott wave and it’s ending point will be at about 1250$ after the 4th correction wave has ended. As you can see we are pretty close to our goal and if we would have to think about its correction then our price would be halved but i barely see any chances of that happening. I also drew the Fibonacci on our 4 correction waves to be able to see our next increasing wave’s peak in our case at about 1250$ because our 4 correction waves and taking in consideration the first 3 our fibo is under 0.5. The reason i drew it on 4 waves is to see the maximum in which case the fibo is 2.61 resulting a growth to approx 1440$ and this might not even be our max value, but of course these are just theorys which we can not know for certain until we get to actually see.
https://www.tradingview.com/x/IA3r4Sa9/
https://www.tradingview.com/x/GLCazfc1/
Thanks for reading! I'm setting the link of the original article: https://steemit.com/crypto/@cryptoparaszt/picike-poloniex-koerkep-01-09