btc daily 110918

Thought i make a prediction while everything is still on the edge of the seat.

The price went into a triangle formation and is about to silently wander out of it by showing o volatility. Triangles are the preparation for a price explosion though. And the target can be nothing else but a completed green trend section of the order of a Minute Elliott-Wave Trend. It is marked with a dotted green line.

This will be recognized as a false breakout of the triangle in hindsight, because the next target is a completed orange trend section. The price will complete a Minor Elliott Wave 5 that way. Its end is marked with a dotted orange line.

Overview:

After having touched the dotted green and orange lines, the dotted pink line is on the menu card of this bear market.