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Okrakel

Weak breakout and a lot of resistance

Short
Bitcoin (BITFINEX:BTCUSD)  
Okrakel  
BITFINEX:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Wave Analysis
5
3
trendanalysis chartpattern waveanalysis
The bull flag broke to the upside, but only with little volume.
A lot of resistance around 9.5k.
Think there will be the end of wave B, wave C could take us to around 8.2k to test the downchannel trendline.
A break through the resistance zone above 10k would open doors for higher highs.

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