aamonkey
Long

BTC - BULL IS COMING - If we break this resistance...

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
We are testing a key resistance right now!

If we manage to break through we are close to a HUGE breakout.

We will be in full BULL MODE once we break out of the huge falling wedge .

Most of the time we also see a retracement to the breakout level of the wedge , so if you want to play it safe wait for drop .
Comment: If we don't break through this resistance and we we will follow the red line, else I predict the market to follow the Elliot Wave
Comment: PS: You even got a bullish head and shoulders pattern to support the bullish movement
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Comment: Small Update (full first elliott wave + target) mainly because this one is not that pretty ;)

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