As you can see BTC is currently in an ascending triangle and most importantly we are having a go at breaking out of the purple downward trend line.
This trendline has been extremely accurate with regards to how BTC has responded to it. With the support of this ascending triangle we will break through this resistance and go on to complete the head of the inverted head and shoulders, Which will put us at $9600 in a few days.
If you look at the chart you can see that this small inverted H&S is forming inside a possible very large inverted H&S which is much less likely to form but would be great for BTC, as it would allow us to pass the heavy resistance identified at $11 500- $11 600.
SO.... get ready for the 3rd Elliot wave to take us all the way to $9600.
Fundamentally:
BTC is doing very well.
G20 summit has been positive.
And their is a feeling that opinions are changing on BTC.
Keep on keeping on ! And give me a like, even if it is out of pity ;)
Thanks
This trendline has been extremely accurate with regards to how BTC has responded to it. With the support of this ascending triangle we will break through this resistance and go on to complete the head of the inverted head and shoulders, Which will put us at $9600 in a few days.
If you look at the chart you can see that this small inverted H&S is forming inside a possible very large inverted H&S which is much less likely to form but would be great for BTC, as it would allow us to pass the heavy resistance identified at $11 500- $11 600.
SO.... get ready for the 3rd Elliot wave to take us all the way to $9600.
Fundamentally:
BTC is doing very well.
G20 summit has been positive.
And their is a feeling that opinions are changing on BTC.
Keep on keeping on ! And give me a like, even if it is out of pity ;)
Thanks