Pennant and next objective

١٢ يوليو ٢٠١٦

A pennant formation has appeared and will probably break up within this month. The target price is around $1070, which is close to the last historical top. It coincides with the sum of the breakup price and the height of the the flagpole.

٦ أغسطس ٢٠١٦

ملاحظة

Prediction failed. The wedge broke down helped by the news of a big theft in Bitfinex and the consequent lose of confidence. This changes everything. New analysis should be performed.