scoggs

BTC Potential Pathways

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
BTC looks to be finishing up an ABCDE Elliot Wave retracement within the triangle. Blue arrows indicate bullish pathway, where BTC breaks descending resistance and turns it into support. Red arrow shows bearish pathway to ~$5k if support in triangle is to break. If the triangle is any indication, we should have an idea of where market is headed in the next 2 weeks or so.
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