- We have been keeping watch of the potential which would complete the right shoulder around 6800
- At the completion of that shoulder we will be right around the downtrend line anchored to 20k and 9.9k , This would mark a crucial zone for BTC
- A break above that resistance would make way for the completion of the which reaches a target at roughly 7800
- Next as an we count this move as wave 3 with a target at the 1.618 of wave 1 which reaches the same zone as the Target
- Lastly The 7800 area is also a heavy and can be seen as a high node on the VPVR
What do you think @gemini ?