BTC: TA and speculative price movement in August 2019.

All Momentum (Blue), Acceleration (Lime), and Jerk (Red) are all positive in the MAJESTIC (MAJ) oscillator. However, it looks like it will be making a turn-around in the short turn, to retrace the gains made, and retest the 10k level, before completing a final "W" pattern and then breaking out upwards from the descending channel, marking the end-point of the first massive flag into another.

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This was my previous earlier analysis on 2nd Aug: Target at 16862 USD/BTC next?

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Also, an earlier chart with similar price target (somehow the fib I've drawn dissapeared):

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Above two charts were from 24th and 18th July 2019