Looks like we are close to the end of the run up MACD still looks bullish . However its at the bottom of the wedge has not yet crossed resistance at the top of the smaller trend. Thought i would post since everyone is so bullish atm. the bigger picture doesn't seem to confirm anything other than BTC is going down. also volume is down and levl 2 orders on bitstamp and bitfinex all show more sellers. you can see these on bitcoinwisdom
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the profit estimate comes from measuring the right shoulder and extending it down.