tekewena

UPDATE Looking less likely to see drop before halving although..

Long
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
UPDATE
Looking less and less likely to see drop before halving although not outta the woods yet. Will need to reassess Elliot Wave 2 if no major drop.
With the increase of interest and support in BTC in the halving in a few days, we could see a BTC confluence of both the major and minor APF resistance at $11400 on 10 May.
Comment: Well the halving is done and BTC neither shot to an ATH nor bottomed out on zero. It also didnt follow any of the APF channels or projections. In fact it didnt do much at all really out of the ordinary, I guess we could say it's behaviour was quite normal in these abnormal times. The general consensus from here onwards is a bit of a dip post-halving then a reasonable (to significant) run-up. Let's see if that is the case over the next 6+ months.

As far as projected Elliot Wave 2 completing, we need to see BTC drop below 2950.

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