Elliottician

Anything possible in BITCOIN

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
239 0 1
The idea is clearly explained in the charts. The psychology of the markets is now such that no one is sure of where the prices could be heading. That explains the prolonged sidewards movement. Elliott count suggests any scenario can take place now and that we should be ready to take the side in which the market makes its next move. If the downward movement takes place, the target is very short and not desirable. If it breaks the upper resistance, we can see a potentially good target to be achieved.
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