$BTC #BTC
Last time #Bitcoin tested the lower channel support we had a 20% jump in price in the next couple of days.
Once again we find #Bitcoin hovering around our support level... i expect 15-25% retracement from this support area of $56/55k to about $62-67k in days ahead.
However it would be wiser to wait for a clear break above the $57000 price level once again before opening a long on this as we can find a penant channel in the h1 TF with a 5-wave elliot pattern
Last time #Bitcoin tested the lower channel support we had a 20% jump in price in the next couple of days.
Once again we find #Bitcoin hovering around our support level... i expect 15-25% retracement from this support area of $56/55k to about $62-67k in days ahead.
However it would be wiser to wait for a clear break above the $57000 price level once again before opening a long on this as we can find a penant channel in the h1 TF with a 5-wave elliot pattern