#16 - Bitcoin Price Forecast

2 month ago, I said bitcoin will reach ~ $5,000.
bitcoin reached our forecast.
you can read my post here: #14 - Bitcoin Price Forecast

Also, There is ~ $5000 Signal in Long Term ,
i still receive this signal from a few month ago ,
i think it will happen. but , not now.

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Let's see what will happen in the future.
Bitcoin Price: $4,150
Price Base: Fxopen

These charts analyzed by Elliott Waves:

Bitcoin 4Hour Chart:

It is awesome. Light blue wave is a Nice 'Flat' Wave.

Expanded Flat

And Extension 5

Bitcoin 1Hour Chart:

one Extension 3

and TripleZigZag

Bitcoin 5Minute Chart:

Here is Two Extension 3

and one ZigZag

Analysing:

According to 4 Hour Charts, Bitcoin Price will go down in a few days or weeks. But we have some targets on $5800, $7900, $9000 and $21000 in Long Term. Long term in here means a few months.

According to 1 Hour Charts, Bitcoin Price will go down in a few days or weeks. We have some negative target on $3900 and $3700. But we have some Positive and Strong targets on $6800 and $10700 in Long term.

According to 5 Minute Charts, Bitcoin Price will go Up for a while. maybe in a few hours. We have some positive targets on $4200. But we have some Negative Targets on $3800 and $3600 in long term. Long term in this case means, a few days or weeks.

My suggestion:

I think bitcoin will reach $3900 and lower prices. then it will start rising. it will go upper and upper.
maybe after some falls.
if you are a bitcoin holder. Keep your bitcoins and wait.

Note: Remember, Charts are not all part of market. anything can happen. Use my suggestions in your own risk.
remember what I said.

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Regards,
2017-09-05