BTC morning update 02.03.18

iSHS pattern alert again. This is actually a very good sign. This pattern has a high right shoulder again. The last time this happened, BTC was ultimately pushed from 8,300$ to 20,000$.

To be fair, I must admit, that this pattern is much smaller than the last one, but it still has the potential to push BTC significantly above the downtrend line and thus create a new uptrend that could lead to 40,000$.

The minimum tartget of this pattern is 12,000$.

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DISCLAIMER: This post / analysis serves general information purposes only. I am not, and never will be a financial adviser. The material in this post does not constitute any trading advice whatsoever. This is just the way I see the charts and what my trading ideas (from my personal experiences) are. I use chart pattern and Elliott Wave analysis for my trading ideas.
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