Breakthrough the down channel to happen on May the 5th.

Upon my calculations, using the below techniques I'm estimating an important impulsive movement, which likely will be UP direction, and should happens on 05.05.2018.

Methods used:
-ROC crossing MA.
-2 x Fibonacci trend zone. Minimums and maximums appoints both to the same date!
-ESCGO by Lazzy Bear indicators. Helps locating price cycles in time.
-Fibbonacy Channels.
-Simple horizontal support/resistance analysis.
-Angled support/resistance analysis.
-Structures.

Yet, non of all of these together can be useful if you don't have a plan. Trade your own plan :)

Good luck to everyone !

Th.

İşlem aktif:

Happily it seems BTC has broken its down channel already. Now I'm very curious what is going to happen on May 5th.

İşlem elle kapatılmış:

Now with distance I can see the meaning of the 6th of May calculated with Fibb. It was a local maximum. Even in that day I couldn{t believe that was a max. Since then until now price keeps falling. Fibb. calculations are very interesting.