Breaking trend after trend, higher high after higher high.
once BTC rejected off the 2017 ALL TIME HIGH its been a slow painfull bullish recovery from that MASSIVE fall from 69k.
the over all larger structure has completed the 12345 abc 12345 down correction... what happens next? One more abc up then another 12345 down to 7.5k?
baby steps...
Defiantly bullish and this chart looks like the next move will be trying to break, or bust straight through that too blue trend line at 26k.. If it does then we are in "bull trap zone" and can go up as high as 39k I believe
So far BTC has been a pump and dump for the last month and its better to be holding then scalping if you arent experienced.
This chart shows the measured moves and if it continues to play nice then itll run that elliott wave measured move up to 26k and the Top BLUE trend line will be broken. Definatly a good pull back from that but that blue line will become MASSIVE support and wont break for a month or 2 if it decides to go down.
once BTC rejected off the 2017 ALL TIME HIGH its been a slow painfull bullish recovery from that MASSIVE fall from 69k.
the over all larger structure has completed the 12345 abc 12345 down correction... what happens next? One more abc up then another 12345 down to 7.5k?
baby steps...
Defiantly bullish and this chart looks like the next move will be trying to break, or bust straight through that too blue trend line at 26k.. If it does then we are in "bull trap zone" and can go up as high as 39k I believe
So far BTC has been a pump and dump for the last month and its better to be holding then scalping if you arent experienced.
This chart shows the measured moves and if it continues to play nice then itll run that elliott wave measured move up to 26k and the Top BLUE trend line will be broken. Definatly a good pull back from that but that blue line will become MASSIVE support and wont break for a month or 2 if it decides to go down.
KRJcrypto