The recent surge seems like a 5 wave impulse forming wave 1 of a larger impulse and that wave 3 of this larger impulse is likely to successfully break the blue trend line.
I am reminding myself that the ABC correction is still in play, and the blue trend line needs to be broken decisively otherwise BTCUSD could turn around and head back to $7k for a 0.718 retracement of wave 1 from $6k.
I am reminding myself that the ABC correction is still in play, and the blue trend line needs to be broken decisively otherwise BTCUSD could turn around and head back to $7k for a 0.718 retracement of wave 1 from $6k.