#BTC Market Analysis 8/21
Where is the target for this bullish wave?
1) Head-and-shoulders bottom target: For a head-and-shoulders bottom pattern, the target is based on the ratio of the head to the neckline of 1:1, so the target price is 76089.
2) Fibonacci target: Treat 57758 as the first upward move and 62484 as the second leg of the rally. The upward targets correspond to the 1:1 and 1:1.618 levels, giving prices of 71649 and 77314.
Where is the target for this bullish wave?
1) Head-and-shoulders bottom target: For a head-and-shoulders bottom pattern, the target is based on the ratio of the head to the neckline of 1:1, so the target price is 76089.
2) Fibonacci target: Treat 57758 as the first upward move and 62484 as the second leg of the rally. The upward targets correspond to the 1:1 and 1:1.618 levels, giving prices of 71649 and 77314.
