Patrikas10
Short

Bitcoin approaching strong resistance

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin is in strong daily channel up. I made this Elliot wave count on recent waves. We're seeing these bullish triangles and keep making new highs on 4h. Although we are struggling to make larger moves to the upside.

I see final push higher to 4143-4159$ region if we can hold 4060-70 on 4h.

Failure of climbing higher than 4190$ and closing above would cause rapid fall in similar fashion we've seen not long ago. Be cautious traders, analyse and make decision yourself ALWAYS!

Have a great weekend!
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