BTC:USD - Updated Long Term Price Prediction!!

Hey, so here is my amended update on the long term outlook for BTC vs USD. As you can see, I have amended my projections to consider the height of the break out of the symmetrical triangle (expected to occur around 17th of June) which has shifted things a little bit from my original analysis on the 'Law of 6's'.

Once we break out we will hit some resistance around 9850ish. We will then retrace slightly and bounce back up off either our hypothetical dotted uptrend channel OR the top of the symmetrical triangle. There is not a lot of difference in price between these two levels; so we could say the bounce will be off of anywhere from 8850-9200ish before we continue our rally up to 11,750ish. Here we will meet heavy resistance and thus begin our descent back to around 10,000ish over the following month.

It is then from the 6th of August onwards where we will have our rally to the projected target of 16,800ish based on the height of our symmetrical triangle and historical resistance levels.

Trade safe!