tradercobra

tradercobra

As you can see in the last month BTC couldn´t close above the ema 200 line since it broke it down. Prince moving betwen green line and yellow line. In my opinion we will test the red line (bottom of the triangle projection) before the next bull run and this can take months.

tradercobra Updated 

Price of BTC, broke 200 ema weekly support, next target will be arround 3000 (yellow line), and if it´s broken it will be red line which is an extension of the descending triangle and support zone for BTC. Also, check the oversold RSI (weekly), first time since January 2015.

tradercobra

These are the targets for QKC/ETH, the chart against BTC is very similar too. As you can see, cup&hundle´s target and minimun Elliot Waves target are the same. Coincidence? Don´t think so. ;-)